Pitchandi Chellamani, a promoter of Senthil Infotek Limited, sold 20,59,300 equity shares representing 40.78% of the company's total share capital on September 30, 2026. The transaction was executed through an off-market mode, resulting in a complete exit from his holding in the company.

The disclosure was filed with BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this sale, Chellamani held the entire block of shares carrying voting rights, with no encumbrances or convertible securities attached to the position.

Transaction details

The seller’s pre-transaction holding consisted solely of equity shares with voting rights. Following the disposal, his total holding stands at nil. The company's total equity share capital remained unchanged at 50,50,000 equity shares of face value ₹10 each, aggregating to ₹5,50,50,000.

Regulatory compliance

Chellamani confirmed that the shares sold carried voting rights and were not part of any pledge, lien, or non-disposal undertaking. The disclosure notes that the total diluted share/voting capital of the target company remained constant at 50,50,000 shares post-transaction, indicating no dilution from warrants or convertible instruments during this period.

Senthil Infotek Limited passed all eight resolutions proposed at its 32nd Annual General Meeting (AGM) held on September 30, 2026. The meeting, conducted via video conferencing, saw unanimous support for key governance changes and financial approvals.

The company adopted the audited financial statements for FY26, including the balance sheet, profit and loss account, and cash flow statement for the year ended March 31, 2026. Chellamani Pitchandi was re-appointed as a director following his retirement by rotation.

Board restructuring and appointments

Shareholders approved significant changes to the board composition. Sunkara Srivatsava was appointed as Joint Managing Director through a special resolution. Additionally, Gogineni Srinivas and Kolli Murali Krishna were appointed as directors via ordinary resolutions.

Two independent directors were also approved through special resolutions:

• Molugu Sripal Reddy
• Mopperthy Sudheer

The meeting was chaired by Sunkara Srivatsava, the newly appointed Joint Managing Director. Directors present included Chellamani Pitchandi (Managing Director), Surekha Dittakavi and Sarada Dittakavi (Independent Directors), along with the newly appointed non-executive directors Gogineni Srinivas and Kolli Murali Krishna. Dipak Kadel served as Company Secretary and Compliance Officer.

Strategic and administrative updates

A special resolution was passed to alter Clause III(A) of the Memorandum of Association, modifying the company's main objects. This change signals a potential shift in the company's core business activities or scope of operations.

Meeting proceedings and attendance

A total of 27 members attended the meeting through video conferencing. The session commenced at 03:30 pm and concluded at 03:50 pm. Since votes had already been cast through remote e-voting, no show of hands was required. Members who had not voted earlier were given a fifteen-minute window to vote electronically during the meeting.

What the Numbers Show

Voting data reveals a stark divergence in shareholder participation across resolutions. While seven of the eight resolutions received votes from 4,086,712 shares (representing 80.93% of total outstanding shares), Resolution 5 regarding the appointment of Kolli Murali Krishna drew significantly lower turnout. Only 2,969,712 shares voted on this specific item, a drop of 1,117,000 votes compared to other agenda items. This suggests that approximately 27% of the voting base abstained or did not cast votes specifically on this director appointment, despite participating in other matters.

All resolutions were scrutinized by Nishant Darak & Associates, ensuring compliance with the Companies Act, 2013. The results were submitted to BSE Limited for record.