Submission of Proceedings of 34th Annual General meeting held on 14th July, 2025
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Abate As Industries Ltd (formerly Trijal Industries Limited) held its 34th Annual General Meeting on 14th July 2025 via video conference, from 12:00 PM to 12:32 PM. A total of 24 members attended the meeting, comfortably exceeding the required quorum of 15. All 14 resolutions listed in the AGM notice were passed with the requisite majority. Ordinary business included adoption of the FY25 audited financial statements and re-appointment of three directors retiring by rotation. Key special business items included an increase in authorised share capital with a corresponding change to the MOA, issuance of bonus shares through capitalisation of securities premium and reserves, appointment of three new independent directors, a change in designation of one director to independent, continuation of a director past age 75, and approval/ratification of related party transactions for FY25 and FY26.
The proposed bonus issue and authorised share capital increase could positively influence share price and liquidity, while shareholders should monitor the approved related party transactions for FY26 as they represent material business commitments. The expanded independent director presence and re-appointment of key directors signal continuity in governance.