Notice of 34th Annual General Meeting of the Company scheduled to be held on Tuesday 30th September 2025 at 11.00 am IST
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Adtech Systems has called its 34th AGM on September 30, 2025 at 11:00 AM via video conferencing to seek shareholder approval on 10 items. Key proposals include adoption of FY25 audited financials and a dividend of Re. 1 per share (10% on Rs. 10 face value). The company is seeking to re-appoint Shri M.R. Narayanan as Non-Executive Director beyond age 75, and appoint M/s Mahesh V & Co as Statutory Auditors for 5 years (until 2030) at Rs. 2 lakh per year, along with M/s Sajee & Associates as Secretarial Auditors. Two special resolutions seek shareholder approval to waive recovery of excess remuneration (Rs. 7.09 lakh each) paid to Managing Director M.R. Subramonian and Executive Director M.R. Krishnan for September 2024 to March 2025, due to inadequate profits. Further resolutions seek approval for paying director remuneration of Rs. 3.95 lakh per month (with 10% annual increment) until August 2026, despite possible inadequacy of profits.
The dividend announcement is positive for shareholders, though modest at 10% on face value. The waiver of excess director remuneration due to 'inadequate profits' signals weak earnings in FY25, which may concern investors. Continuing promoter-director remuneration at elevated levels despite profit weakness may also draw scrutiny.