Fairfax India (FIHU) EGM 2025 summary

Opening remarks and agenda

• Meeting opened with introductions of board and executive team, and a reminder about forward-looking statements and associated risks.

• Sole agenda item: consider a special resolution for a one-time deviation from investment concentration restrictions to allow acquisition of an additional 10% equity in BIAL.

Specific resolutions to be voted on

• Special resolution to approve a one-time deviation from bylaws' investment concentration restriction for the BIAL acquisition.

• Resolution requires approval by at least two-thirds of votes from both multiple and subordinate voting shares.

Overview of voting outcomes

• Proxies representing 99% of multiple voting shares and 68% of subordinate voting shares were received; 100% and 99% of these, respectively, were in favor.

• The special resolution was passed and will be reported on SEDAR+.