Raytheon awarded $71 million in Navy contracts for missile systems
GUERNSEY - India Capital Growth Fund Limited ("ICGF"), a Guernsey-incorporated investment company, announced today that all resolutions proposed at its Annual General Meeting (AGM) were passed with overwhelming support from its shareholders. The AGM, which took place earlier today, saw a series of ordinary and special resolutions approved, reflecting strong backing for the company’s management and strategic direction.
The results of the AGM, which followed the details provided in the shareholder circular published on April 10, 2025, indicated high percentages of votes in favor across all resolutions. Ordinary resolutions, which included approvals on company reports, reappointment of auditors, and director-related decisions, received between 96.55% and 99.94% votes in favor. Special resolutions, which often pertain to more significant changes such as amendments to the company’s constitution or approval of major transactions, also passed with high approval ratings, ranging from 93.55% to 99.91%.
ICGF, which trades on the London Stock Exchange (LON:LSEG), focuses on long-term investment opportunities in Indian companies, with a particular emphasis on mid and small-cap listed entities. The firm may also invest in large-cap and private companies in India, aiming for long-term capital appreciation.
The voting results reflect confidence in the company’s governance and strategic approach, with shareholders endorsing the proposed actions and policies. The high level of support for each resolution suggests a unified stance among investors regarding the direction of the fund.
The fund’s investment strategy, targeting growth opportunities in the Indian market, remains backed by the investors, as evidenced by the approval of the resolutions. The AGM results provide the company with a clear mandate to continue its investment operations in accordance with the approved policies and strategies.
The information disclosed is based on a press release statement from India Capital Growth Fund Limited, and it provides an insight into the company’s shareholder relations and corporate governance practices.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.