Shareholders approved the Croissance Ltd loan conversion resolution at the company's 32nd annual general meeting on September 30, 2026, according to voting results and a scrutinizer's report submitted to BSE on October 4, 2026. The special resolution covered conversion of a loan into equity shares.

The proposal received 1,10,76,601 votes in favour and 20 against. Of the supporting votes, 1,10,75,981 came through remote e-voting and 620 through electronic voting at the AGM. A total of 34 members voted in favour, while one member voted against.

The supplied filing does not specify the loan amount, conversion price, number of equity shares or the lender's identity. The voting result establishes shareholder approval of the resolution; it does not state that the conversion or share allotment has been completed.

Financial statements, director and auditor resolutions passed

Shareholders also approved three ordinary resolutions at the meeting:

  • Adoption of the standalone and consolidated audited financial statements for the year ended March 31, 2026, together with the accompanying notes and reports of the auditors and directors. The resolution received 1,10,76,601 votes in favour and 20 against.
  • Reappointment of Hemant Bahri, who retired by rotation and offered himself for reappointment. This resolution received 1,10,76,599 votes in favour and 22 against, with 33 members supporting it and two opposing it.
  • Appointment of statutory auditors to fill a casual vacancy and for a further five-year term. The proposal received 1,10,76,601 votes in favour and 20 against.

No invalid votes were reported for any of the four resolutions. The supplied extract does not name the statutory auditors covered by the appointment resolution.

Electronic voting and scrutiny

The AGM took place through video conference or other audio-visual means at 1 p.m. IST. Shareholders holding shares on September 23, 2026, were eligible to vote. Remote e-voting ran from 9 a.m. on September 27 to 5 p.m. on September 29, using CDSL's platform.

Nishant Darak & Associates scrutinized both remote and AGM electronic voting. Croissance submitted the results under Regulation 44 of the SEBI Listing Regulations, with Managing Director Sravan Prabhakar Veledandi signing the covering letter. The company's BSE scrip code is 531909.