VSF Projects EGM Outcome: Appointment of Directors and Reappointments Approved

Team Finance Saathi

    25/Mar/2025

What's covered under the Article:

  • Resolutions passed at the Extra Ordinary General Meeting held on 22nd March 2025.

  • Details of the e-voting and poll conducted for the meeting.

  • Appointment of new and reappointment of directors approved.

On 22nd March 2025, VSF Projects Limited conducted its Extra Ordinary General Meeting (EGM) at its registered office in Ankulapatur Village, Chillakur Mandal, Tirupathi District. The meeting saw the successful passing of several key resolutions. The e-voting process was conducted from 19th March 2025 to 21st March 2025, allowing shareholders to vote electronically on various agenda items. The e-voting was supervised by Mr. Mohit Gurjar, a Practicing Company Secretary, who was appointed as the Scrutinizer for the process.

The results of the voting were compiled, with all resolutions passing by the requisite majority. The resolutions included the appointment of Mr. Sudhakar Nagabhairava as an Independent Director of the company, and the reappointments of Mr. Bobba Narayana Murthy as Managing Director, Mr. Bobba Lakshmi Narasimha Chowdary as Whole Time Director and CFO, and Mrs. Vijaya Lakshmi Bobba as Whole Time Director.

Voting Results:

  • Resolution 1: The appointment of Mr. Sudhakar Nagabhairava as an Independent Director was passed with 100% votes in favor from both promoters and the public.

  • Resolution 2: The reappointment of Mr. Bobba Narayana Murthy as Managing Director was passed with 100% support.

  • Resolution 3: The reappointment of Mr. Bobba Lakshmi Narasimha Chowdary as Whole Time Director and CFO was approved with 100% votes in favor.

  • Resolution 4: Similarly, the reappointment of Mrs. Vijaya Lakshmi Bobba as Whole Time Director was passed with 100% approval.

The meeting also included a poll for shareholders who had not participated in the e-voting. The voting process was smooth, with 46 members participating in total, casting a combined 8,884,701 votes. All four resolutions received unanimous support, indicating the shareholders' confidence in the company's leadership.

Scrutinizer’s Report: The Scrutinizer's Report highlighted that 100% of the votes cast for each resolution were in favor. As per the combined results of e-voting and the poll, all resolutions were passed successfully.

The company's leadership expressed satisfaction over the meeting's successful conclusion and assured stakeholders of the continued growth and development of VSF Projects Limited under the reappointed management.

This development signifies the strong commitment of the company to its shareholders, reflecting their trust in the appointed directors and their roles in leading the company forward.

For further details, VSF Projects has shared the voting outcomes in compliance with Regulation 44(3) of the Listing Regulations and enclosed the Scrutinizer’s Report for transparency.


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