Prodocs Solutions shareholders unanimously approved all eight resolutions passed at the company's 7th Annual General Meeting (AGM) held on September 29, 2026. The meeting, conducted via video conferencing, adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, and declared a final dividend of ₹1 per equity share.

The scrutinizer’s report confirmed that all resolutions received 100% votes in favor from participating members. Voting rights were reckoned as of September 22, 2026. A total of 55,30,000 valid votes were cast through remote e-voting for most items, representing approximately 78.44% of the total outstanding shares.

Key resolutions and voting outcomes

Shareholders considered both ordinary and special business items. All resolutions were passed with requisite majorities. Notably, the resolution regarding material related party transactions with eData Solutions Inc. saw promoter group abstention due to their interest in the transaction, leading to a lower total vote count for that specific item.

Note: For Item 4, the Promoter and Promoter Group did not vote as they are interested in the transaction. Only Public Non-Institutional shareholders voted, casting 18,62,000 votes in favor.

Procedural details and attendance

The meeting commenced at 11:00 am and concluded at 11:25 am. While physical attendance was not required, 21 members participated via video conferencing. This included 6 members from the Promoter and Promoter Group and 15 public shareholders. No members attended in person or through proxy.

Ms. Meghha Trivedi, Company Secretary and Compliance Officer, briefed members on the electronic voting procedure facilitated by National Securities Depositories Limited (NSDL). CS Ketan Ravindra Shirwadkar of M/s KRS & Co was appointed as the scrutinizer to ensure fair and transparent vote counting. The scrutinizer confirmed that no invalid votes were cast across the resolutions, except for the exclusion of promoter votes in the related party transaction item.

What the numbers show

The voting data highlights a significant concentration of ownership and participation. The Promoter and Promoter Group holds 36,68,000 shares, while Public Non-Institutional shareholders hold 30,45,000 shares, and Public Institutions hold 3,37,000 shares.

For seven of the eight resolutions, the combined vote count was 55,30,000, which includes the full promoter stake and a substantial portion (61.15%) of the public non-institutional stake. However, for the related party transaction with eData Solutions Inc., the total valid votes dropped to 18,62,000 because the promoters abstained. This indicates that the approval relied entirely on the consent of non-promoter shareholders, who voted unanimously in favor.

Prodocs Solutions Limited approved the sale of its 19% stake in Sevasarathi Info Solution Private Limited to Mr. Paresh Vishnuprasad Pathak. The board meeting held on September 22, 2026, finalized this change of buyer following the non-completion of the earlier proposed transaction.

The company had previously intimated the sale of 1,900 shares, representing a 19% holding, to Mr. Mukesh Dhurvaji Meshram. However, due to the non-responsiveness and non-cooperation of Mr. Meshram, the deal could not be completed. Consequently, Prodocs identified a new buyer and sought board approval for the revised transaction structure.

Transaction Details

The Board of Directors accorded approval for the sale to the new buyer, Mr. Paresh Vishnuprasad Pathak. The company confirmed that the new buyer is not related to the Promoter or Promoter Group of Prodocs Solutions, nor is he associated with any Promoter Group company. This ensures the transaction remains an arm's length deal with no related-party implications.

Timeline and Compliance

Prodocs expects to complete the proposed transaction with the new buyer within one month from the date of the intimation letter, subject to the completion of necessary formalities and documentation. Except for the change in buyer, all other terms and conditions remain identical to those intimated in the earlier disclosure dated August 28, 2026.

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking the outcome of the board meeting held on Tuesday, September 22, 2026. The meeting commenced at 4:00 pm and concluded at 4:30 pm.