⚡ Flash Summary

Supernet Limited held its Annual General Meeting on October 27, 2025, where shareholders approved the minutes of the AGM and Extraordinary General Meeting. The annual audited financial statements for the year ended June 30, 2025, along with the director’s and auditor’s reports, were also approved. Parker Russell A.J.S. Chartered Accountants were re-appointed as external auditors for the term ending at the conclusion of the 6th AGM. The meeting also ratified related party transactions and authorized the board to continue such transactions, subject to review and approval by the Board Audit Committee and the Board of Directors.

📌 Key Takeaways

• ✅ Minutes of the Annual General Meeting held on October 28, 2024, were approved.
• 🗓️ Minutes of the Extraordinary General Meeting held on June 27, 2025, were also approved.
• 📊 Annual Audited Financial Statements for the year ended June 30, 2025, were approved.
• 🧑‍💼 Director’s Report was approved.
• 🧑‍💼 Auditor’s Report was approved.
• 🧑‍💼 Parker Russell A.J.S. Chartered Accountants re-appointed as external auditors.
• 📅 Auditor’s term ends at the conclusion of the 6th Annual General Meeting.
• 🤝 Auditor’s fee to be mutually agreed upon for the audit of financial statements for the year ending June 30, 2026.
• 💸 Reimbursement of out-of-pocket expenses to auditors at actuals.
• 🤝 Transactions with Related Parties during the year ended June 30, 2025, were ratified, approved, and confirmed.
• 🏢 Board authorized to enter into arrangements or carry out transactions with related parties during the financial year ending June 30, 2026.
• ✅ Members noted that some directors may be interested in the aforesaid arrangements and transactions.
• 👍 Advance authorization and approval granted to the Board Audit Committee and Board of Directors.
• ✅ Board Audit Committee and Board of Directors to review and approve all related party transactions as per the quantum approved by the Board of Directors from time to time.
• ✅ Transactions approved by the Board of Directors shall be deemed to have been approved by the shareholders under Section 207 and / or 208 of the Companies Act, 2017.

🎯 Investment Thesis

Given the absence of detailed financial information and the focus on procedural resolutions, a HOLD recommendation is appropriate. Further analysis would be required based on financial statements to determine a buy or sell recommendation. A price target cannot be established without financial data.