Notice of the Annual General Meeting for the FY 2024-25
AETHER · price
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Aether Industries has called its 13th AGM on Friday, September 12, 2025, at 4:00 PM, to be held via video conference. Shareholders will consider adopting the audited financial statements for FY ended March 31, 2025, and approve the re-appointment of two directors — Ms. Purnima Ashwin Desai (Whole-time Director) and Mr. Kamalvijay Ramchandra Tulsian (Non-Executive Director) — who retire by rotation. A new statutory auditor, M/s. Suresh I. Surana & Associates, is proposed for a 5-year term (FY 2025-26 to FY 2029-30), replacing the outgoing auditor M/s. Birjju S. Shah & Associates. Among special businesses, shareholders will vote to ratify ₹1,10,000 as cost auditor remuneration for FY 2025-26, appoint M/s. Dhirren R. Dave & Company as secretarial auditor for 5 years, and approve the continuation of Mr. Tulsian as Chairman beyond age 75. A key item is the special resolution to raise the company's borrowing limit from ₹500 crore to ₹1,000 crore, citing ongoing capex-heavy expansion plans.
The doubling of the borrowing limit to ₹1,000 crore signals major upcoming capex or expansion activity, which could mean higher debt on the books but also signals growth ambition. The change of statutory auditor after a 5-year term is routine and not a red flag, while director re-appointments and the chairman's continuation beyond 75 are standard governance items requiring shareholder approval.