Submission of Notice of 39th AGM of the Company to be held on Tuesday, September 30, 2025 at 11:30 a.m. through VC/OAVM
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Ad-Manum Finance Limited has filed the notice for its 39th AGM to be held on Tuesday, September 30, 2025 at 11:30 AM through video conferencing, with the registered office in Indore deemed as the venue. Ordinary business includes adoption of audited financial statements for FY 2024-25 and re-appointment of Mr. Sanjeev Sharma (DIN: 07839822), who retires by rotation. Special business includes appointment of M/s D.K. Jain & Co. as Secretarial Auditor for five years until the 44th AGM in 2030, revision in remuneration of Whole-Time Director & CEO Mr. Dharmendra Agrawal up to Rs. 2.5 lakh per month and Whole-Time Director Mr. Sanjeev Sharma up to Rs. 1 lakh per month effective April 1, 2025. Shareholders will also be asked to approve waiver of recovery of excess managerial remuneration of Rs. 9.93 lakh paid to Mr. Dharmendra Agrawal during FY 2023-24 and 2024-25, and to approve related party transactions up to Rs. 1,117 crore valid until the next AGM in 2026. The cut-off date for e-voting eligibility is September 23, 2025, with remote e-voting open from September 27 to September 29, 2025.
This is a procedural AGM notice covering routine items (financials adoption, director re-appointment, auditor appointment) alongside items that may draw shareholder attention — a sharp increase in CEO remuneration to Rs. 2.5 lakh/month, waiver of Rs. 9.93 lakh excess pay already received, and a large Rs. 1,117 crore related party transaction envelope that could indicate significant inter-group dealings. Shareholders should review these special business items carefully before voting.