Aakash Exploration Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2025
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Aakash Exploration Services Limited has notified the exchange that its 19th Annual General Meeting will be held on Monday, September 22, 2025 at 11:00 a.m. at Ahmedabad Management Association. Remote e-voting will be open from September 19 (9:00 a.m.) to September 21, 2025 (5:00 p.m.) via CDSL. Shareholders will vote on adopting the FY25 audited financials, re-appointing Mr. Vipul Haria (retiring by rotation), re-appointing Mr. Hemang Haria and Mr. Krunal Haria as Whole Time Directors for 3 years (salary up to Rs. 6 lakh per month each), and appointing M/s. Suthar & Surti as Secretarial Auditor for five years (FY26 to FY30) at Rs. 70,000 per year. The company's FY25 total income rose to Rs. 9,978.29 lakhs from Rs. 9,282.37 lakhs, but net profit fell sharply to Rs. 184.08 lakhs from Rs. 620.36 lakhs due to higher tax outgo. The explanatory statement notes that despite revenue growth, profitability was impacted by heavy tax implications.
Routine AGM notice for shareholders to review financials and vote on director re-appointments and auditor appointment; the sharp drop in net profit despite higher revenue is a point investors may want to examine closely at the meeting. No major strategic or capital-action items are on the agenda.