Proceedings of 50th Annual General Meeting of M/s Agribio Spirits Limited held on September 30, 2025 at the registered office of the company.
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Agribio Spirits Ltd (formerly Beekay Niryat Limited) held its 50th AGM on September 30, 2025, at its registered office in Jaipur, from 11:30 AM to 12:15 PM, with 18 members present. Chairman Ashutosh Bajoria (Director) presided, and Mr. Ratan Singh attended as Managing Director. A total of 10 resolutions were passed, covering routine items such as adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, declaration of a final dividend on equity shares, and re-appointment of Mrs. Puja Bajoria as director. Auditors M/s R P Khandelwal & Associates were re-appointed as statutory auditors and M/s Abhishek S & Associates as secretarial auditor. Members also approved special resolutions to increase the company's borrowing limits under Section 180(1)(c), create charges/mortgages on company assets, raise inter-corporate loan/investment limits under Section 186, and approve material related party transactions. Remote e-voting was conducted via CDSL from September 27 to 29, 2025.
Mostly routine AGM proceedings. The final dividend declaration is a positive for shareholders, while approval of higher borrowing limits and related party transactions give management more financial flexibility but warrant attention from investors monitoring debt and related-party exposure.