Prodocs Solutions sells 19% stake in subsidiary for ₹19,000

1 min read | Published on 28 Aug 2026, 05:07 PM |Updated on 28 Aug 2026, 05:07 PM

Reviewed by

Jubin VScanX News Team

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Key Highlights

Prodocs Solutions sold a 19% stake in Sevasarathi Info Solution Pvt Ltd for ₹19,000
The buyer is an unrelated individual, Mr. Mukesh Dhurvaji Meshram
The subsidiary contributed nil revenue and net worth in the last financial year
The record date for the FY26 dividend is set for September 22, 2026
The 7th AGM is scheduled for September 29, 2026 via VC/OAVM

*this image is generated using AI for illustrative purposes only.

Prodocs Solutions board approved the sale of a 19% stake in Sevasarathi Info Solution Private Limited for ₹19,000. The transaction involves an unrelated buyer and is expected to complete within a month.

The Board of Directors also approved the notice for the 7th Annual General Meeting (AGM) for FY26, scheduled for September 29, 2026. The meeting will be held via Video Conferencing/Other Audio Visual Means (VC/OAVM).

Dividend Record Date

The company fixed Tuesday, September 22, 2026 as the record date for determining entitlement to receive the dividend for the financial year ended March 31, 2026.

Subsidiary Stake Sale Details

The sale of 1,900 shares in Sevasarathi Info Solution Private Limited represents a 19% stake. The buyer is Mr. Mukesh Dhurvaji Meshram, who is not related to the promoter or promoter group companies. The transaction does not fall under related party transactions.

Detail	Information
Stake Sold	19% (1,900 shares)
Consideration	₹19,000
Buyer	Mr. Mukesh Dhurvaji Meshram
Completion Timeline	Within a month
Related Party Transaction	No

According to regulatory disclosures, the subsidiary contributed nil revenue and nil net worth to the listed entity during the last financial year. No agreement for sale had been entered into prior to this approval.

Historical Stock Returns for Prodocs Solutions

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+3.94%	0.0%	-18.48%	0.0%	0.0%

How does the divestment of a non-revenue-generating subsidiary align with Prodocs Solutions' broader strategy to optimize asset utilization and focus on core competencies?

What is the rationale behind setting such a low consideration of ₹19,000 for a 19% stake, and does this valuation reflect the subsidiary's current liabilities or lack of operational activity?

Will the proceeds from this stake sale be utilized for debt reduction, working capital requirements, or potential reinvestment in high-growth areas for FY26?

Prodocs Solutions

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Prodocs Solutions approves ESOP Scheme 2026 via postal ballot

2 min read | Published on 17 Jul 2026, 03:13 PM |Updated on 17 Jul 2026, 03:13 PM

Reviewed by

Suketu GScanX News Team

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Key Highlights

Prodocs Solutions Limited announced that its shareholders have approved four special resolutions through a remote e-voting process concluded on July 16, 2026. The resolutions include the adoption of a new Articles of Association, the approval of the Prodocs Solutions Employees Stock Option Scheme 2026, and the appointment of Ms. Neha Vinod Kothari as an Independent Woman Director. The postal ballot sought to align the company's governance with the Companies Act, 2013 and SEBI regulations.

*this image is generated using AI for illustrative purposes only.

Prodocs Solutions Ltd has secured shareholder approval for four special resolutions, including the implementation of a new employee stock option scheme and alterations to its Articles of Association, through a postal ballot that concluded on July 16, 2026. The voting results, disclosed to BSE Limited, indicate that all resolutions were passed with the requisite majority, enabling the company to update its governance framework in line with the Companies Act, 2013 and SEBI regulations.

The postal ballot process was conducted by C.S. Ketan Ravindra Shirwadkar, a Practicing Company Secretary appointed as the Scrutinizer to ensure a fair and transparent election. The remote e-voting facility was provided by the National Securities Depository Limited (NSDL), with the voting window open from June 17, 2026, to July 16, 2026. A total of 235 shareholders were eligible to vote as on the record date of June 12, 2026.

Voting Results Summary

The resolutions addressed key governance and structural changes. The first resolution sought to alter the Articles of Association to align with statutory provisions. The second and third resolutions pertained to the Prodocs Solutions Employees Stock Option Scheme 2026, approving the scheme for company employees and extending its benefits to employees of group companies, subsidiaries, or associates. The fourth resolution concerned the appointment of Ms. Neha Vinod Kothari (DIN: 11022380) as a Non-Executive Independent Woman Director for a term of five years.

Resolution	Votes In Favour	Votes Against	% of Valid Votes
Alteration of Articles of Association	57,55,000	0	100.00
ESOP Scheme 2026	57,55,000	0	100.00
Extension of ESOP to Group Companies	57,54,000	1,000	99.98
Appointment of Ms. Neha Vinod Kothari	57,55,000	0	100.00

Shareholder Participation

The participation data reveals a split between promoter and public shareholders. The Promoter and Promoter Group cast 36,65,000 votes in favour of all resolutions, representing 100% of their holdings. Public Institutional shareholders did not participate in the voting process. Among Public Other shareholders, 20,90,000 votes were polled, accounting for 68.57% of the shares held in this category. Overall, 57,55,000 votes were polled out of a total of 70,50,000 outstanding shares, representing a participation rate of 81.63%.

The Scrutinizer's report confirmed that the resolutions were passed with the required majority. The detailed voting results and the Scrutinizer's Report have been submitted to the stock exchanges and are available on the company's website.

Historical Stock Returns for Prodocs Solutions