This is to inform that the 33rd Annual General Meeting of the company is Scheduled to be held on Wednesday, July 16, 2025 at 3.30 PM IST through Video conferencing
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Ajwa Fun World & Resort Ltd has announced its 33rd AGM on Wednesday, July 16, 2025 at 3:30 PM IST, to be held via video conferencing. The Integrated Annual Report for FY 2024-25 has been sent to members electronically and is also available on the company's website. Ordinary business includes adoption of audited financial statements for the year ended March 31, 2025 and reappointment of Mr. Rahil Jain, who retires by rotation. Special business includes reappointment of Mr. Rajeshkumar Chunilal Jain as Managing Director for another 5-year term at a salary of Rs. 50,000 per month, appointment of M/s V.N. Vasani & Associates as Secretarial Auditors for 5 years (April 2025 to March 2030), and a special resolution to raise the company's Section 186 borrowing/investment threshold to Rs. 10,000 Lakhs. Remote e-voting will be available from July 13 (10:00 AM) to July 15 (5:00 PM), 2025 via NSDL, with the book closure period from July 9 to July 16, 2025.
This is a routine AGM notice, but shareholders should note two notable items: (1) a special resolution to increase the board's investment and loan limit to Rs. 10,000 Lakhs, giving management wider financial flexibility, and (2) reappointment of the promoter Managing Director for another 5-year term at unchanged remuneration. No direct material impact on share price is expected from the notice itself.