Wagend Infra Venture Limited reported that all three resolutions proposed at its 44th Annual General Meeting were approved with a 100% majority in favour. The meeting, held on September 30, 2026, saw no votes cast against any resolution.

The company submitted the consolidated voting results and the scrutinizer's report to the BSE on October 1, 2026. The e-voting process was conducted through Central Depository Services (India) Limited (CDSL), with remote voting available from September 27 to September 29, 2026.

Resolution outcomes

Shareholders voted on three key items: the adoption of audited financial statements for FY26, the re-appointment of Mr. Munnalal Jain as Director, and the appointment of Mr. Kaushik Kantilal Shah as Independent Director. In all cases, the votes polled were exclusively in favour.

What the numbers show

The voting data reveals a significant divergence between the total number of registered shareholders and those who actively participated in the vote. While the record date list included 23,349 shareholders, only 90 members cast their votes via remote e-voting or during the meeting. This represents approximately 7.55% of the total outstanding shares voting on the resolutions, indicating low retail participation relative to the total shareholder base.

Wagend Infra Venture reported a net profit of ₹3.37 lakh for FY26, an increase from the previous year's figure of ₹2.29 lakh. The company’s total income rose significantly to ₹278.62 lakh, driven by revenue from operations of ₹243.02 lakh. Wagend Infra Venture has scheduled its 44th Annual General Meeting (AGM) for September 30, 2026, to be held via video conference.

Financial Performance

The company recorded revenue from operations of ₹243.02 lakh in FY26, compared to nil in FY25. Other income stood at ₹35.60 lakh, down from ₹42.98 lakh in the prior year. Total expenses were ₹274.02 lakh, including purchases of stock in trade of ₹239.06 lakh and finance expenses of ₹13.53 lakh.

The Board of Directors decided not to recommend any dividend for the financial year to conserve reserves. The company transferred ₹3.37 lakh to general reserves.

Balance Sheet Highlights

Total assets increased to ₹1,113.10 lakh as of March 31, 2026, from ₹992.41 lakh in the previous year. Non-current assets rose sharply to ₹348.33 lakh, primarily due to other non-current assets of ₹346.00 lakh, which represent advances against property. Current assets totaled ₹764.77 lakh, with short-term loans and advances at ₹724.81 lakh.

Total liabilities stood at ₹189.57 lakh, comprising long-term borrowings of ₹66.59 lakh and short-term borrowings of ₹105.58 lakh. Equity share capital remained unchanged at ₹942.50 lakh.

AGM Details

The 44th AGM will be conducted through video conferencing or other audio-visual means (VC/OAVM) on September 30, 2026, at 3:30 pm. Shareholders will receive electronic copies of the AGM notice and the Annual Report for FY26. E-voting will be facilitated by Central Depository Services Limited (CDSL).

The company informed shareholders that letters are being sent to those whose email addresses are not registered with the Company, Registrar & Transfer Agent, or Depository Participants. These letters provide a web-link to access the Annual Report for FY2025-26 on the company website. The cut-off date for this communication was August 28, 2026.

Agenda Items

The ordinary business includes adopting the audited financial statements for the year ended March 31, 2026, and the re-appointment of Mr. Munnalal Jain as a director retiring by rotation.

Special business involves the appointment of Mr. Kaushik Kantilal Shah as an Independent Director on the Board for a term of five years, effective from August 14, 2026, to August 13, 2031. Mr. Shah, a Chartered Accountant with 42 years of experience, was appointed as an Additional Director by the Board in August 2026.

Board and Management Changes

Mr. Yash Surjan resigned as a Non-Executive Independent Director effective August 3, 2026. CS Prachi Jain resigned as Company Secretary and Compliance Officer effective August 13, 2025, and was succeeded by CS Unnati Sharma, who was appointed effective December 26, 2025.

The statutory auditors, M/s. Motilal & Associates LLP, confirmed that the financial statements give a true and fair view of the company’s affairs. No key audit matters were identified except for the assessment of disputed income tax demands related to non-availability of TDS credits.

Shareholder Compliance Reminder

The company reminded shareholders holding securities in physical mode to update their KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. This includes recording PAN, address, mobile number, bank account details, specimen signature, and nomination choice. Folios without updated details may only receive payments electronically from April 1, 2024.