Notice of 50th Annual General Meeting of M/s Agribio Spirits Limited
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Agribio Spirits Limited has issued the notice for its 50th Annual General Meeting scheduled on Tuesday, September 30, 2025 at 11:30 a.m. at its registered office in Jaipur. Ordinary business includes adoption of FY25 audited financial statements (standalone and consolidated), declaration of a final dividend of Rs. 0.25 per share (2.5% on face value of Rs. 10), re-appointment of Mrs. Puja Bajoria as Non-Executive Director (retiring by rotation), and re-appointment of M/s R P Khandelwal & Associates as Statutory Auditor for a second five-year term. Special business seeks shareholder approval for: appointment of M/s Abhishek S & Associates as Secretarial Auditor (5-year term from April 1, 2025), increase in borrowing limits under Section 180(1)(c) to Rs. 250 crores, creation of mortgage/charge on assets up to Rs. 250 crores under Section 180(1)(a), raising investments/loans/guarantees limit to Rs. 250 crores under Section 186, loans under Section 185, and material related party transactions with Rigmadirappa Investments Private Limited and Agribiotech Industries Limited for FY26 and FY27. Record date is September 19, 2025; e-voting window runs from September 27 to September 29, 2025.
Shareholders will vote on a modest final dividend (Rs. 0.25/share) along with significantly higher authorized borrowing and investment ceilings of Rs. 250 crores each, signaling potential expansion or refinancing plans. The related party transaction approvals with group entities (Rigmadirappa Investments and Agribiotech Industries) for the next two fiscal years could also influence shareholder sentiment.