75th Annual General Meeting of the Company is scheduled to be held on Wednesday, 24th September 2025 at 02.30 PM (IST)through VC/ OAVM.
Awaiting price reaction for this filing.
India Radiators Limited has scheduled its 75th AGM on Wednesday, 24th September 2025 at 2:30 PM via video conferencing. Shareholders will vote on five items, including adopting the audited financial statements for FY ending 31 March 2025, re-appointing Mr. E.N. Rangaswami as a director (retiring by rotation), and appointing M/s KRA & Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30) at Rs 25,000 per annum. A special resolution seeks approval to allow Mr. Rangaswami to continue as Whole-Time Director after he turns 70 on 28 October 2025, until his term ends in August 2026. An ordinary resolution also seeks approval for material related party transactions of up to Rs 3 crore with Mercantile Ventures Limited, the company's promoter and holding company, for loans, advances, or inter-corporate deposits. Remote e-voting runs from 21 September (9:00 AM) to 23 September (5:00 PM), with 17 September as the cut-off date.
Routine AGM business for a small-cap company with very low standalone turnover (Rs 6.32 lakh). The related party transaction with the holding company (Rs 3 crore) is about 2.11% of standalone turnover and is the most material item for shareholders to evaluate, though it is described as arm's length and in the ordinary course. The director continuation resolution is standard, and the secretarial auditor appointment is a regulatory requirement. No major red flags, but investors should note the RPT and confirm comfort with the terms.