Sah Polymers Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2025
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Aeroflex Neu Limited (formerly Sah Polymers Limited) held its 33rd AGM on August 20, 2025, at its registered office in Udaipur, from 11:00 a.m. to 11:25 a.m. A total of 39 members attended (2 from promoter group and 37 from public). All 7 resolutions were passed with requisite majority, including adoption of standalone and consolidated audited financial statements for FY25, re-appointment of Mr. Hakim Sadiq Ali Tidiwala as director, approval of related party transactions with Aeroflex Enterprises, Fibcorp Polyweave, Mr. Asad Daud, and Mrs. Shehnaz D Ali, and appointment of M/s. S.K. Jain & Co. as Secretarial Auditors for 5 years. The Chairman, Mr. Asad Daud, briefed shareholders on FY25 progress and future plans. The Secretarial Audit Report flagged non-compliance with SEBI Insider Trading Regulations 3(5) and 3(6) regarding Structured Digital Database maintenance, which management attributed to a technical error and confirmed has since been rectified.
AGM proceedings are routine, but shareholders should note the name change from Sah Polymers to Aeroflex Neu and the minor compliance flag on insider trading database maintenance, which the company says has been corrected. Approval of related party transactions signals continued business dealings within the promoter group.