Venlon Enterprises Submits EGM Voting Results with 99.99% Approval
Venlon Enterprises Limited successfully conducted its EGM on March 13, 2026, and submitted the scrutinizer's report showing exceptional shareholder support with 99.99% approval for the Independent Director appointment. The voting process saw 29.89% participation with 15,615,423 votes polled out of 52,242,494 total shares, demonstrating strong governance practices and regulatory compliance.
*this image is generated using AI for illustrative purposes only.
Venlon Enterprises Limited successfully conducted its Extra-ordinary General Meeting (EGM) on Friday, March 13, 2026, and subsequently submitted the scrutinizer's report to BSE Limited on March 14, 2026, revealing overwhelming shareholder support for key governance decisions.
Meeting Overview and Attendance
The EGM was held from 4:00 p.m. to 5:16 p.m. (IST) under the chairmanship of Mr. C.D. Datwani, Chairman of the company. The meeting commenced after confirming the presence of requisite quorum, with the Chairman welcoming members and introducing the Board members present.
| Meeting Details: | Information |
|---|---|
| Date: | Friday, March 13, 2026 |
| Duration: | 4:00 p.m. to 5:16 p.m. (IST) |
| Chairman: | Mr. C.D. Datwani |
| Scrutinizer: | S.J. Madhwaraj, Advocate |
| Cut-off Date: | Friday, March 06, 2026 |
| Total Shareholders: | 5,728 |
| Attendees: | 15 (3 Promoter Group, 12 Public) |
Voting Process and Results
The company implemented a comprehensive voting mechanism with remote e-voting facilities available from Tuesday, March 10, 2026, at 9:00 AM (IST) until Thursday, March 12, 2026, at 5:00 PM (IST). S.J. Madhwaraj, Advocate, served as the scrutinizer overseeing the entire voting process.
| Voting Summary: | Details |
|---|---|
| Total Shares: | 52,242,494 |
| Votes Polled: | 15,615,423 |
| Polling Percentage: | 29.89% |
| Votes in Favour: | 15,615,063 (99.99%) |
| Votes Against: | 360 (0.002%) |
Resolution Results and Breakdown
The primary agenda item was the appointment of Mr. Devaraja Murthy N K (DIN: 07060226) as Independent Director, which required special resolution approval. The voting results showed exceptional shareholder support across different categories.
| Category: | Shares Held | Votes Polled | Polling % | In Favour | Against |
|---|---|---|---|---|---|
| Promoter Group: | 31,541,910 | 31,541,910 | 100.00% | 31,541,910 | 0 |
| Public Institutions: | 11,840 | 11,840 | 100.00% | 11,840 | 0 |
| Public Non-Institutions: | 20,688,744 | 15,615,423 | 75.48% | 15,615,063 | 360 |
Scrutinizer's Report Submission
On March 14, 2026, the company submitted the scrutinizer's report to BSE Limited (Script Code: 524038) under the signature of Company Secretary G D Ramarao. The report confirmed that 14 members voted in favour through e-voting, representing 15,615,063 shares, while only 1 member voted against with 360 shares.
Regulatory Compliance and Documentation
The EGM proceedings were conducted in full compliance with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014. The scrutinizer confirmed that no venue voting occurred as ballot papers were provided but no shareholders opted to vote at the venue.
The voting results have been made available on the company's website at https://venlonenterprises.co.in/ and communicated to the stock exchange as per regulatory requirements. The company secretary digitally signed all documentation on March 13, 2026, at 6:02 p.m., with the scrutinizer's report finalized on March 14, 2026.
Historical Stock Returns for Venlon Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.53% | +7.52% | -2.83% | +11.71% | -3.20% | +123.91% |
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