Raminfo shareholders approve all AGM resolutions with high majority
- All five resolutions at Raminfo's 32nd AGM passed with requisite majority
- Appointment of M/s. Dhanunjaya & Haranath as statutory auditors approved for 5 years
- Special resolution on Section 185 loans saw highest dissent at 0.29% of valid votes
- Total of 4,811,961 shares voted across all agenda items during remote and live e-voting
*this image is generated using AI for illustrative purposes only.
Raminfo Limited shareholders have approved all five resolutions proposed at the company's 32nd Annual General Meeting held on September 24, 2026. The scrutinizer's report, submitted to BSE on September 28, 2026, confirmed that every item received the requisite majority, cementing the appointment of new statutory auditors and other key corporate actions.
The meeting, conducted via Video Conferencing from 2:30 pm to 3:30 pm, was chaired by L. Srinath Reddy, Managing Director. Srikanth Palem, Company Secretary, detailed the electronic voting process facilitated by Central Depository Services (India) Limited. Shareholders adopted the audited financial statements for the fiscal year ended March 31, 2026, alongside other significant governance matters.
Voting results and resolution details
The consolidated scrutinizer's report by D.S. Rao, a practicing company secretary, revealed that 4,811,961 shares were voted across all resolutions. While most items saw near-unanimous support, the special resolution regarding loans and guarantees under Section 185 of the Companies Act, 2013, recorded the highest dissent at 0.29% of valid votes cast.
| Item | Resolution Type | Assent (%) | Dissent (%) | Status |
|---|---|---|---|---|
| 1. Adoption of FY26 financial statements | Ordinary | 99.9997 | 0.0003 | Passed |
| 2. Re-appointment of Gangaram Aloria | Ordinary | 99.9997 | 0.0003 | Passed |
| 3. Appointment of statutory auditor | Ordinary | 99.9997 | 0.0003 | Passed |
| 4. Loans/guarantees under Section 185 | Special | 99.7145 | 0.2855 | Passed |
| 5. Related party transactions | Ordinary | 99.9566 | 0.0434 | Passed |
Auditor appointment and compliance
A key outcome of the meeting was the approval to appoint M/s. Dhanunjaya & Haranath, Chartered Accountants, as the new statutory auditors. The firm will serve for a term of five consecutive years, from the conclusion of the 32nd AGM until the conclusion of the 37th AGM. This decision aligns with the recommendation of the Audit Committee and the Board of Directors, complying with SEBI Listing Regulations and the Companies Act, 2013.
M/s. Dhanunjaya & Haranath (FRN: 014288S) brings over 25 years of experience in Audit & Assurance, Taxation, and Financial advisory services. The company disclosed that there are no relationships between the directors and the newly appointed auditors. The appointment was intimated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
What the Numbers Show
The voting data highlights a clear divergence in shareholder sentiment between routine governance items and specific financial authorizations. While Items 1, 2, and 3 attracted only 16 dissenting shares (0.0003%), Item 4 drew 13,738 dissenting shares. This suggests that while public shareholders broadly supported the auditor change and financial adoption, a small but distinct segment expressed caution regarding the company's authority to provide loans or guarantees to specified persons. Notably, promoter group shares voted unanimously in favor of all items, indicating that the dissent originated entirely from the public shareholder base.
Procedural compliance and next steps
Remote e-voting facilities were provided alongside live electronic voting during the meeting. The e-voting period for remote participation ran from 9:00 am on September 21, 2026, to 5:00 pm on September 23, 2026. On the day of the AGM, electronic voting remained open for 15 minutes after the meeting's conclusion.
D.S. Rao served as the scrutinizer and confirmed that votes were unblocked in the presence of two witnesses who were not employees of the company. The results have been submitted to BSE Limited for public dissemination and displayed on the company website. No voting by show of hands was permitted during the proceedings.
Historical Stock Returns for Raminfo
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.65% | +0.05% | -3.07% | -30.06% | -49.17% | -36.87% |
How might the new statutory auditors' 25-year experience in financial advisory influence Raminfo Limited's future capital allocation strategies?
Will the specific dissent regarding Section 185 loans and guarantees lead to increased disclosure requirements or stricter internal controls in upcoming quarters?
What impact could the new auditor's tenure through the 37th AGM have on the company's long-term audit fees and compliance costs?
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