Centrum Capital Holds AGM: Key Resolutions Pass Including Auditor Reappointment and Director Appointments
Centrum Capital Ltd held its 48th Annual General Meeting (AGM) on Wednesday, August 12, 2026. The meeting, which was conducted via video conference, saw the company successfully transact several key business matters, including the adoption of financial statements for the financial year ended March 31, 2026, and the appointment of two new directors.The AGM commenced at 4:30 p.m. IST and concluded at 5:52 p.m. IST. Details regarding member attendance indicated that the promoter group held 192,017,096 shares, while public members accounted for 14,140,738 shares.
Corporate Governance and Financial Ratification
The meeting saw all resolutions, spanning general business to special matters, pass with the requisite majority. The AGM participants unanimously approved the adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026.In governance updates, shareholders approved the re-appointment of Mr. Rishad Byramjee (DIN: 00164123) to the board in lieu of retirement by rotation. Furthermore, M/s Sharp and Tannan, Chartered Accountants (Registration Number 109982W), were re-appointed as the statutory auditors for a term of five consecutive years.
The following table summarizes the voting results for the adoption of financial statements:
| Category | Total Shares Held | Votes Polled | % of Votes Polled | No. of Votes in Favour |
|---|---|---|---|---|
| Promoter and Promoter Group (Total) | 192,017,096 | 192,017,096 | 100.0000% | 192,017,096 |
| Public Institutions (Total) | 14,140,738 | 33,995 | 0.2404% | 33,995 |
| Public Non Institutions (Total) | 280,671,360 | 133,486,654 | 47.5598% | 133,484,954 |
| Overall Total | 486,829,194 | 325,537,745 | 66.8690% | 325,536,045 |
Appointment of Directors and Transaction Approvals
The AGM addressed several special business items related to corporate structure and material transactions:- New Appointments: The meeting approved the appointment of Mr. Sandip Ghose (DIN: 07482589) as an Independent Director, and Mr. Manmohan Shetty (DIN: 00013961) as a Non-Executive, Non-Independent Director on the Board of Directors.
- Fundraising: The company received approval to raise funds through the issue of securities, subject to regulatory and statutory authorities' approval.
- Related Party Transactions (RPTs): Multiple material related party transactions were approved, including those concerning corporate guarantees and debt granting/availing by subsidiaries in relation to the parent company, as well as inter-se debt matters involving Centrum Retail Services Limited (CRSL) and Centrum Financial Services Limited (CFSL).
The results of these board appointments and transaction approvals showed high levels of support among shareholders:
| Item | Action Approved | Total Shares Outstanding | % of Votes in Favour |
|---|---|---|---|
| Item 8 | Appointment of Sandip Ghose (Independent Director) | 486,829,194 | 99.9987% |
| Item 9 | Appointment of Manmohan Shetty (Non-Executive Director) | 486,829,194 | 99.9941% |
| Item 5 | Approving Corporate Guarantees and Debt to/from Subsidiaries | 486,829,194 | 99.9913% |
| Item 6 | Inter-se debt transaction (CRSL) | 486,829,194 | 99.9913% |
| Item 7 | Inter-se debt transaction (CFSL) | 486,829,194 | 99.9913% |
In addition to these operational and governance items, the AGM approved authorizing donations to bonafide charitable and other funds.
The results of all resolutions—including the adoption of financials, director appointments, and RPT approvals—were confirmed by the appointed Scrutinizer after considering votes cast through remote e-voting and live voting during the AGM.
CENTRUM Stock Price Movement
Centrum Capital Limited shed ₹0.93 or 3.62% of its value, settling at ₹24.79 in post-market trading today. The equity saw a session range between a day low of ₹24.30 and an intraday high of ₹25.39, with over 241,826 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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