Span Divergent Ltd shareholders approved all five resolutions at the company's 46th Annual General Meeting held on September 28, 2026. The e-voting results, declared on September 29, 2026, confirmed the adoption of FY26 financial statements and the re-appointment of Sanjay Mehta.

The meeting was conducted via Video Conferencing, presided over by Chairman Rajendra N Chokhawala. Directors Viral P Desai (Managing Director), Paras Desai (Whole Time Director and CFO), Dharmesh Desai, and Sanjay Mehta attended the session. Jignesh Desai and Dr. Shefali Desai were granted leave of absence due to work exigencies.

Voting outcomes and resolutions

Shareholders voted on five agenda items comprising ordinary and special business. The audited consolidated financial statements for FY26 were adopted with 97.40% votes in favour. The appointment of a director in place of Sanjay Mehta, who retired by rotation, and the continuation of his directorship as a Non-Executive Non-Independent Director under SEBI (LODR) Regulations, also passed with 97.24% support.

Scrutinizer report and compliance

Mitesh Rana of M/s. Mitesh Rana & Co. served as the Scrutinizer to supervise the voting process. The consolidated report confirmed that remote e-voting and e-voting during the AGM were scrutinized in accordance with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (LODR) Regulations, 2015. Y B Desai & Associates, the Statutory Auditors, and Miteshkumar Rana, the Secretarial Auditor, were present during the session.

The results were submitted to BSE Limited on September 29, 2026. The company noted that this document serves as a summary of proceedings and does not constitute official minutes.

Span Divergent has scheduled its 46th Annual General Meeting for Monday, September 28, 2026, at 11:30 am. The meeting will be conducted through video conferencing or other audio-visual means.

The notice outlines several key resolutions for shareholder approval. The primary agenda includes the re-appointment of Mr. Sanjay Mehta as a director upon retirement by rotation. Additionally, shareholders will vote on a special resolution to continue his directorship as a non-executive non-independent director, following the attainment of age 75 in October 2024.

Related Party Transactions

The company seeks approval for material related-party transactions with various entities and individuals. The proposed annual limits for these transactions are detailed below.

The transactions involve investments, management fees, interest, rent, and remuneration. The board states that these arrangements are commercially beneficial and conducted at arm's length.

Voting and Logistics

Remote e-voting will commence on September 25, 2026, at 9:00 am and conclude on September 27, 2026, at 5:00 pm. The cut-off date for voting eligibility is September 21, 2026. Shareholders can access the e-voting facility via the National Securities Depository Limited platform.

The register of members and share transfer books will remain closed from September 22, 2026, to September 28, 2026. The company has appointed Mitesh Rana & Co., Company Secretaries, as the scrutinizer for the voting process.