Submission of 39th Annual Report along with Notice of Annual General Meeting (AGM) to be held on Tuesday, September 30, 2025 through Video Conferencing ("VC") or Other Audio Video Means ....
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Ad-Manum Finance Ltd has submitted its 39th Annual Report for FY 2024-25 (year ended March 31, 2025) along with the notice for its 39th Annual General Meeting, scheduled for Tuesday, September 30, 2025 at 11:30 A.M. via Video Conferencing / Other Audio-Visual Means (VC/OAVM). The AGM notice lists seven items of business: adoption of audited financial statements, re-appointment of Mr. Sanjeev Sharma (Director retiring by rotation), and appointment of M/s D.K. Jain & Co. as Secretarial Auditor for a 5-year term (FY 2025-26 through FY 2029-30). Two special resolutions seek approval for revised remuneration of Whole-Time Directors — Mr. Dharmendra Agrawal (CEO) up to Rs. 2,50,000 per month and Mr. Sanjeev Sharma up to Rs. 1,00,000 per month, effective April 1, 2025. Another special resolution seeks shareholder waiver for recovery of Rs. 9,93,444 in excess managerial remuneration paid to Mr. Agrawal during FY 2023-24 and FY 2024-25. The final item seeks approval for related party transactions up to Rs. 1,117 Crore until the next AGM in 2026.
This is primarily a routine procedural filing, but shareholders should note several non-ordinary items requiring votes: a substantial related party transaction limit of Rs. 1,117 Crore, revision in CEO and director remuneration, and a waiver for past excess remuneration paid to the CEO. The size of the RPT limit relative to the company's scale is worth scrutiny.