Submission of Annual Report for the Financial Year 2024-25 and Notice of 34th Annual General meeting to be held on 14th July, 2025
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Abate AS Industries Ltd (formerly Trijal Industries Ltd) has submitted its Annual Report for FY 2024-25 along with the notice for its 34th Annual General Meeting scheduled for 14th July 2025 at 12:00 PM via video conferencing. The e-voting window runs from 11th to 13th July 2025, with a cut-off date of 7th July 2025. The most significant proposal is a 1:1 bonus share issue by capitalising up to Rs. 78.80 crore from the securities premium and reserves account, for which the company is also seeking to raise its authorised share capital from Rs. 95 crore to Rs. 158 crore. Other items include appointing three new independent directors, continuing a director beyond age 75, appointing a new secretarial auditor for five years, and ratifying related-party transactions for FY 2024-25 and approving new ones for FY 2025-26.
The 1:1 bonus share issue is the key takeaway for shareholders — it will double the number of shares held by each investor, though it does not change the overall value of their holding. The share count increase and capital expansion signal plans for future fundraising or growth, while multiple new independent director appointments indicate governance strengthening.