Paluck Technologies 16th AGM: all three resolutions passed unanimously
- Paluck Technologies held its 16th AGM on September 30, 2026 via video conferencing; all three ordinary resolutions were passed unanimously
- Total valid votes polled stood at 12,414,524, representing 59.62% of total shares outstanding, with 100% in favour and nil against across all resolutions
- Resolutions covered adoption of standalone financial statements for FY ended March 31, 2026; reappointment of Sumit Kumar Bajaj as Executive Director; and appointment of D Chawla & Associates as statutory auditors for five years
- Chandni Sharma & Associates, Chartered Accountants, served as Scrutinizer; e-voting was facilitated via Bigshare Services Private Limited
- Voting results and Scrutinizer's Report filed with BSE under Regulation 44 of the SEBI Listing Regulations
*this image is generated using AI for illustrative purposes only.
Paluck Technologies Limited held its 16th Annual General Meeting on September 30, 2026, via Video Conferencing and Other Audio-Visual Means, commencing at 11:00 am and concluding at 11:39 am IST. All three resolutions placed before shareholders were passed unanimously.
The AGM had 760 shareholders on record as on the cut-off date of September 25, 2026. Remote e-voting was facilitated through the Bigshare Services Private Limited platform from September 27, 2026. The AGM notice, dated September 7, 2026, was dispatched to shareholders in compliance with applicable Ministry of Corporate Affairs and SEBI circulars. Chandni Sharma & Associates, Chartered Accountants, were appointed as Scrutinizer by the Board of Directors to oversee the remote e-voting process pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014.
Resolutions transacted
The three ordinary resolutions covered the adoption of audited standalone financial statements for the financial year ended March 31, 2026; the reappointment of Sumit Kumar Bajaj, Executive Director (DIN: 07939978), who retired by rotation and offered himself for reappointment; and the appointment of D Chawla & Associates, Chartered Accountants (Firm Registration No. 0017217N), as statutory auditors for five consecutive years, with the Board authorised to fix their remuneration.
Voting results
The aggregate voting data across all three resolutions was identical. The following table presents the consolidated vote tally applicable to each resolution:
| Category | Shares held | Votes polled | % polled | Votes in favour | Votes against |
|---|---|---|---|---|---|
| Promoter & Promoter Group | 12,069,776 | 12,069,776 | 100.00% | 12,069,776 | 0 |
| Public - Institutions | 2,166,253 | 0 | 0.00% | 0 | 0 |
| Public - Non Institutions | 6,586,253 | 344,748 | 5.23% | 344,748 | 0 |
| Total | 20,822,282 | 12,414,524 | 59.62% | 12,414,524 | 0 |
Across all three resolutions, 20 members cast valid votes totalling 12,414,524, representing 100% of votes polled in favour. No votes were cast against any resolution, and no invalid votes were recorded.
Scrutinizer's report and regulatory compliance
The Scrutinizer's Report was submitted pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. The voting results and the Scrutinizer's Report were filed with BSE Limited as Annexure A and Annexure B respectively, in accordance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was also uploaded on the company's website under Regulation 46(2) of the SEBI Listing Regulations. The proceedings were disclosed under Regulation 30 of the SEBI Listing Regulations.
Historical Stock Returns for Paluck Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.15% | -1.85% | -7.29% | -7.29% | -7.29% | -7.29% |
How might the unanimous reappointment of Executive Director Sumit Kumar Bajaj influence Paluck Technologies' strategic direction and operational stability in the upcoming fiscal year?
What impact could the engagement of D Chawla & Associates as statutory auditors for five years have on the company's financial reporting standards and audit risk profile?
Given that institutional investors held 2.16 million shares but cast zero votes, what does this apathy suggest about future institutional confidence or potential changes in shareholding patterns?
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