Arkade Developers: Shareholders Approve Resolutions at 39th AGM
Arkade Developers Limited successfully held its 39th Annual General Meeting (AGM) on September 24, 2025, where shareholders approved all resolutions with significant support. The meeting was conducted via video conferencing, adhering to regulatory guidelines.
Key resolutions included the adoption of audited financial statements, the re-appointment of a director, and the ratification of the cost auditors' remuneration. The voting results, scrutinized by AVS & Associates, indicated strong shareholder confidence in the company's strategic direction.
Voting Details and ResultsThe resolutions were passed with near unanimous support, demonstrating a consensus among the shareholders. Here’s a detailed breakdown of the resolutions and their outcomes:
Resolution 1: Adoption of Standalone Financial StatementsCategoryMode of VotingVotes in FavorVotes Against% of Votes in Favor
% of Votes Against
Promoter and Promoter GroupE-voting12,90,99,8480100.00
0.00Public InstitutionsE-voting2,33,5220100.00
0.00Public-Non InstitutionsE-voting2,05,71,5062,93799.98
0.02
Total14,99,11,1232,937100.00
0.00
Resolution 2: Adoption of Consolidated Financial StatementsCategoryMode of VotingVotes in FavorVotes Against% of Votes in Favor
% of Votes Against
Promoter and Promoter GroupE-voting12,90,99,8480100.00
0.00Public InstitutionsE-voting2,33,5220100.00
0.00Public-Non InstitutionsE-voting2,05,71,5042,93999.98
0.02
Total14,99,11,1212,939100.00
0.00
Resolution 3: Re-appointment of Director - Mr. Amit Mangilal JainCategoryMode of VotingVotes in FavorVotes Against% of Votes in Favor
% of Votes Against
Promoter and Promoter GroupE-voting12,90,99,8480100.00
0.00Public InstitutionsE-voting2,33,5220100.00
0.00Public-Non InstitutionsE-voting2,05,71,5062,93799.98
0.02
Total14,99,11,1232,937100.00
0.00
Resolution 4: Appointment of Secretarial Auditor - M/s AVS & AssociatesCategoryMode of VotingVotes in FavorVotes Against% of Votes in Favor
% of Votes Against
Promoter and Promoter GroupE-voting12,90,99,8480100.00
0.00Public InstitutionsE-voting2,33,5220100.00
0.00Public-Non InstitutionsE-voting2,05,69,3684,93799.98
0.02
Total14,99,06,7457,17799.99
0.00
Resolution 5: Ratification of Cost Auditors' RemunerationCategoryMode of VotingVotes in FavorVotes Against% of Votes in Favor
% of Votes Against
Promoter and Promoter GroupE-voting12,90,99,8480100.00
0.00Public InstitutionsE-voting2,33,5220100.00
0.00Public-Non InstitutionsE-voting2,05,71,3662,93999.99
0.01
Total14,99,10,9832,939100.00
0.00
Resolution 6: Amendment to 'Arkade Developers Employees Stock Option Plan 2025'CategoryMode of VotingVotes in FavorVotes Against% of Votes in Favor
% of Votes Against
Promoter and Promoter GroupE-voting12,90,99,8480100.00
0.00Public InstitutionsE-voting34,8781,98,64414.94
85.06Public-Non InstitutionsE-voting2,05,71,0283,06299.99
0.01
Total14,97,09,7612,03,94699.86
0.14
The successful passage of these resolutions underscores the shareholders' alignment with the company's management and its strategic objectives.