Cospower Engineering EGM Passes All Six Special Resolutions Including Share Capital Increase

2 min read Updated on 22 Dec 2025, 05:49 PM

Reviewed by

Jubin VScanX News Team

Overview

Cospower Engineering Limited held its Extraordinary General Meeting on December 19, 2025, where shareholders unanimously approved six special resolutions. The resolutions included increasing authorized share capital, issuing equity shares on a preferential basis, and revising remuneration for four directors. The meeting, held at the company's registered office, saw 100% approval for all resolutions, demonstrating strong shareholder support for the company's strategic decisions.

*this image is generated using AI for illustrative purposes only.

Cospower Engineering Limited successfully conducted its Extraordinary General Meeting (EGM) on December 19, 2025, with all six special resolutions receiving unanimous approval from shareholders. The meeting was held at the company's registered office and concluded significant corporate governance decisions.

Meeting Details and Process

The EGM was conducted from 09:30 AM to 10:30 AM on Friday, December 19, 2025, at the registered office located at H.No 940, S.No.134/17a, Pazar Talao Road Chandrapada, Vaki Pada, Juchandra, Naigaon East Naigaon Thane 401208. Mr. Jaymin Modi of Jaymin Modi Co., Company Secretaries, served as the scrutinizer for the voting process.

Meeting Parameter	Details
Meeting Type	Extraordinary General Meeting
Date	December 19, 2025
Time	09:30 AM - 10:30 AM
Record Date	December 12, 2025
E-voting Period	December 15-18, 2025
Scrutinizer	Mr. Jaymin Modi (CS No. 44248)

Key Resolutions Approved

All six special resolutions were passed with 100.00% approval from valid votes cast. The resolutions covered critical corporate actions including capital restructuring and executive compensation adjustments.

Capital Structure Changes

The first two resolutions focused on enhancing the company's capital base:

Resolution 1: Increase in authorized share capital of the company
Resolution 2: Issue of equity shares on preferential basis to non-promoters for cash consideration

Both resolutions received complete shareholder support, enabling Cospower Engineering to strengthen its financial position and expand its capital structure.

Director Remuneration Approvals

Four resolutions addressed revision of director remuneration exceeding limits prescribed under Section 197 and Schedule V of the Companies Act, 2013:

Director	Position	DIN
Mr. Oswald Rosario D'Souza	Whole Time Director	02711251
Mr. Felix Shridhar Kadam	Managing Director	02880294
Ms. Janet D'Souza	Non-Executive Non-Independent Director	08676037
Ms. Christbell Felix Kadam	Non-Executive Non-Independent Director	08676062

Voting Process and Results

The remote e-voting facility remained available from 9.00 AM IST on Monday, December 15, 2025, until 5.00 PM IST on Thursday, December 18, 2025. Electronic copies of the EGM notice were sent to all members with registered email addresses.

For resolutions 3-6 concerning director remuneration, votes cast by promoter/promoter group were excluded from consideration as per regulatory requirements. Despite this exclusion, all resolutions achieved 100.00% approval from eligible voters.

Regulatory Compliance

The voting results were disclosed under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's consolidated report confirmed that all procedural requirements under Section 108 and 109 of the Companies Act, 2013, were properly followed.

Cospower Engineering trades on BSE Limited with ISIN INE0CQB01010. The successful passage of all resolutions demonstrates strong shareholder confidence in the company's strategic direction and leadership compensation structure.

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