38th Annual General Meeting to be held on 25-09-2025 through Video Conferencing
Awaiting price reaction for this filing.
Vadilal Dairy International has called its 38th AGM on Thursday, 25 September 2025 at 2:45 PM, to be held entirely through video conferencing (VC/OAVM), in line with MCA and SEBI circulars. Shareholders will vote via remote e-voting through NSDL from 22 September (9:00 AM) to 24 September (5:00 PM), with the cut-off date set as 18 September 2025 and the register of members closed from 19 to 25 September 2025. Key agenda items include adoption of FY25 audited financials, reappointment of Mrs. Bela Gandhi (retiring by rotation), and special resolutions to reappoint Mr. Shailesh Gandhi as Managing Director and Mr. Rahil Gandhi as Whole-Time Director for 5 years starting 26 August 2025, with monthly remuneration of up to Rs 4.50 lakh and Rs 2.00 lakh respectively for the first 3 years. The AGM also seeks approval to reappoint Mr. Mahesh Kelkar as Independent Director for a second 5-year term and to appoint M/s. SG & Associates as Secretarial Auditors for 5 years. Disclosed financials show turnover of Rs 2,662.65 lakh in FY25 (up from Rs 2,501.93 lakh in FY24) but a continuing pre-tax loss of Rs 104.24 lakh, with no dividend paid.
The director reappointments and remuneration proposals are largely promoter-driven (the Gandhi family holds ~59% combined) and may draw related-party scrutiny, but for retail shareholders the key takeaway is that the company continues to report losses for a third straight year with no dividend, even as turnover improves modestly. Approval of the resolutions is largely expected given promoter control, with limited near-term share price impact unless the FY25 results show a sharper-than-expected deterioration.