BSEAccedere LtdLowNeutral
Announced Wed, 3 Sept · 18:37 IST

Notice of AGM

Board & Shareholder Meetings View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Accedere Limited, a cybersecurity company listed on BSE (Scrip Code 531533), is convening its 42nd AGM on Friday, September 26, 2025 at 12:30 p.m. via Microsoft Teams video conferencing. Shareholders will consider adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025. Key resolutions include: regularisation of Mr. Kunal Chaudhary (son of promoters) as Director and his appointment as Executive Director for 5 years; re-appointment of promoter Mr. Ashwin Chaudhary as Whole-Time Director and Ms. Priya Chaudhary as Whole-Time Director for 5 years each, with remuneration of Rs. 18 lakhs and Rs. 6 lakhs per year respectively. Other items seek approval for a new ESOP scheme 2025 covering up to 2,89,906 stock options at Rs. 10 face value, re-issue of up to 5,39,400 forfeited shares, appointment of V R Associates as Secretarial Auditor for 5 years, and material related party transactions with subsidiaries up to Rs. 1 crore. The company also has a drone subsidiary called Freebird Aerospace. E-voting will be facilitated by MUFG Intime from September 23-25, 2025.

Likely market impact

Routine AGM notice with governance and capital structure matters. The ESOP scheme and re-issue of forfeited shares could lead to share dilution, while approval of related party transactions with subsidiaries continues existing inter-company dealings. Shareholders should review director remuneration and ESOP terms before voting.