Proceeding of 09th Annual general meeting held on 26th September 2025
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AA Plus Tradelink Limited held its 9th AGM on September 26, 2025 via online video conferencing, lasting just 19 minutes (12:00 PM to 12:19 PM). Nine resolutions were put to vote, including adoption of FY25 audited financial statements, re-appointment of director Ashok Amritlal Shah and Managing Director Kiritkumar Madhavlal Shah, appointment of statutory and secretarial auditors, re-appointment of Independent Director Nilam Soni, and special business items allowing higher loan/guarantee thresholds under Sections 185 and 186 and raising the FPI/FII shareholding cap to 49% of paid-up equity capital. Only 11 shareholders (1 promoter + 10 public) attended out of 226 total shareholders on record date. Notably, the Statutory Auditors (S K B J P & Co) issued a Qualified Opinion on the FY25 audit report, while the Secretarial Audit Report was clean. Voting was conducted via CDSL e-voting, with results to be announced by September 29, 2025.
The qualified audit opinion on FY25 financials is a watch-out flag for investors and warrants scrutiny once detailed results are released. The approval to raise FPI/FII limits to 49% and expand loan/guarantee authority gives management more operational flexibility but also expands risk exposure; voting outcomes pending by Sept 29 will be the next catalyst.