Vedavaag Systems Limited held its 28th Annual General Meeting on September 30, 2026, in Hyderabad. The shareholders adopted the audited financial statements for the year ended March 31, 2026, and approved the re-appointment of Ananth Jonnavittula as a director.

The meeting was chaired by Managing Director Murali Krishna Jonnavittula at the Federation of Telangana Chambers of Commerce and Industry. The company confirmed the presence of the requisite quorum before proceeding with the agenda items outlined in the notice.

Key resolutions passed

The agenda included ordinary business items focused on statutory compliance and board continuity. The resolutions were put to vote through remote e-voting and physical voting at the venue.

Meeting proceedings and attendance

Directors present included Murali Krishna Jonnavittula and Independent Director Srinivas Pannala. Chief Financial Officer T. B. Krishna Mohan and Company Secretary Saiteja Ivaturi attended the meeting. Mrs. D. Renuka, a practicing company secretary, served as the scrutinizer for the voting process.

The Chairman provided an overview of the company's performance during the financial year and addressed shareholder queries. Members were informed that they could direct additional questions to the company secretary via email.

Voting and disclosure timeline

Remote e-voting facilities were available from September 26, 2026, to September 29, 2026. The consolidated results of the voting, along with the scrutinizer's report, are scheduled to be published on the company's website and submitted to the stock exchange within two working days of the meeting's conclusion.

Vedavaag Systems Limited board of directors approved a proposal to invest in the equity share capital of its wholly owned subsidiary, Vedavaag Financial Insurance Broking Services Private Limited. The decision, taken at a meeting held on September 24, 2026, aims to provide necessary capital support for expanding the subsidiary's insurance broking business.

The investment is specifically intended to help the subsidiary meet its regulatory and operational capital requirements. This move signals the parent company's intent to strengthen the financial infrastructure of its insurance brokerage arm as it seeks to expand operations.

Regulatory Compliance and Disclosure

The approval was granted pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the exact size of the investment and other relevant details will be disclosed to stock exchanges and shareholders upon receipt of requisite regulatory approvals.

Key details of the board meeting include:

• Date: September 24, 2026
• Duration: 3:00 pm to 3:45 pm
• Subsidiary: Vedavaag Financial Insurance Broking Services Private Limited
• Purpose: Capital support for regulatory and operational needs

The company noted that the proposal is subject to applicable statutory and regulatory approvals and compliances. Further developments regarding the quantum of investment will be communicated in due course.