Proceedings of 14th Annual General Meeting held on 11th August 2025.
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Aerpace Industries Ltd (formerly Supremex Shine Steels Limited) held its 14th AGM on 11th August 2025 at 3:00 p.m. via video conferencing, concluding at 3:20 p.m. Chairman Mr. Prem Singh Rawat chaired the meeting, with Managing Director Mr. Milan B Shah addressing members on the company's project. A total of 10 resolutions were passed through remote e-voting — 4 ordinary business items covering adoption of standalone and consolidated financial statements for FY ending 31st March 2025, re-appointment of director Ravi Soni (who retires by rotation), and appointment of M/s Ramanand & Associates as statutory auditor for 5 years. The 6 special business items included appointment of M/s Jain Preeti & Company as secretarial auditor for 5 years and approval of material related party transaction limits with five related parties: Aerpace Supercars, Aerpace Robotics, Aerpace Communications, Aerpace Consultancy, and CFO Mr. Anand Shah.
Routine AGM proceedings with no major surprises — the financial statements for FY25 were adopted, key auditors were reappointed/appointed for 5-year terms, and pre-approved related party transaction limits were cleared. The significant concentration of related party transactions with group companies and the CFO should be noted by shareholders for governance purposes. No material dividend, fundraising, or strategic shift was announced at this meeting.