NewsStocksSattva Sukun Lifecare Shareholders Approve Key Resolutions in Extraordinary General MeetingSattva Sukun Lifecare Shareholders Approve Key Resolutions in Extraordinary General Meeting
By ScanX News Team
Sattva Sukun Lifecare Limited held an Extraordinary General Meeting on July 19, 2025, via video conferencing. Shareholders overwhelmingly approved three crucial resolutions: regularization of Mr. Tanmay Paresh Shah as Non-Executive Independent Director, Mr. Gaurav Surendra Nair as Non-Executive Non-Independent Director, and acquisition of 51% or more equity shares in Pavapuri Export Private Limited. The meeting saw participation from 45 members out of 32,581 shareholders. All resolutions received 99.99% votes in favor, with 87,567,632 total votes cast, representing 22.83% of total shareholding.
*this image is generated using AI for illustrative purposes only.
Sattva Sukun Lifecare Limited , a Mumbai-based company, held a significant Extraordinary General Meeting (EGM) on July 19, 2025, via video conferencing. The meeting saw overwhelming support from shareholders, with three crucial resolutions receiving near-unanimous approval.
Key Resolutions Passed
Director Appointments:
- Mr. Tanmay Paresh Shah was regularized as a Non-Executive Independent Director.
- Mr. Gaurav Surendra Nair was regularized as a Non-Executive Non-Independent Director.
Strategic Acquisition: Shareholders approved the acquisition of 51% and above equity shares of Pavapuri Export Private Limited.
Meeting Highlights
- Attendance: 45 members participated in the EGM out of a total of 32,581 shareholders on the record date.
- Voting Process: The e-voting period was conducted from July 16-18, 2025.
- Scrutiny: Brajesh Gupta & Co. was appointed as the scrutinizer for the voting process.
Detailed Voting Results
The voting results, as reported by the scrutinizer, show overwhelming support for all three resolutions:
| Resolution | In Favor | Against |
|---|---|---|
| Regularization of Mr. Tanmay Paresh Shah | 99.99% | 0.01% |
| Regularization of Mr. Gaurav Surendra Nair | 99.99% | 0.01% |
| Acquisition of Pavapuri Export Private Limited | 99.99% | 0.01% |
Shareholder Participation
- Total Votes Cast: 87,567,632 votes were polled, representing 22.83% of the total shareholding.
- Promoter Participation: 24,493,777 shares (99.80% of promoter holding) voted in favor of all resolutions.
- Public Participation: 63,073,855 shares from the public category participated in the voting.
The strong shareholder support for these resolutions indicates confidence in the company's strategic decisions and leadership appointments. The acquisition of Pavapuri Export Private Limited suggests that Sattva Sukun Lifecare is pursuing growth opportunities that align with its business objectives.
This EGM marks a significant milestone for Sattva Sukun Lifecare Limited, potentially setting the stage for future growth and expansion. The company's transparent approach to corporate governance, as evidenced by the detailed voting results and scrutinizer's report, is likely to be viewed positively by investors and stakeholders.
Historical Stock Returns for Sattva Sukun Lifecare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.41% | -12.50% | -40.68% | -36.36% | +6.06% | +42.86% |
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