The 33rd AGM of the Company, scheduled on 23rd August, 2025 at 11.30 AM, could not be held due to lack of quorum. As per Section 103 of Companies Act, 2013, the meeting stands adjourned ....
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The 33rd Annual General Meeting of Alexander Stamps And Coin Ltd, scheduled for August 23, 2025 at 11:30 AM via video conferencing, could not be held because the minimum quorum of 30 shareholders was not present even after a 30-minute wait. Under Section 103 of the Companies Act, 2013, the meeting stands adjourned to Saturday, August 30, 2025 at 11:30 AM via VC/OAVM. The ordinary business includes adoption of audited financial statements for FY ended March 31, 2025 and re-appointment of Mr. Anirudh Sethi as Director (retiring by rotation). Special business includes appointment of M/s. Kuldip Thakkar and Associates as Secretarial Auditors for 5 years (FY2025-26 to FY2029-30), regularization of Ms. Divya Batra and Mr. Nikhil Kapoor as Independent Directors for 5-year terms up to August 19, 2029, regularization of Ms. Tanmaya Arora as Executive Director, and approval of material related party transactions worth Rs. 5 crores with Managing Director Mr. Anirudh Sethi and his relative Ms. Vandana Sethi, which exceeds 10% of consolidated turnover for FY 2024-25.
The adjourned AGM delays shareholder approval of the FY2024-25 financial statements and key board appointments by one week, but the items to be transacted remain unchanged. The Rs. 5 crore related party transaction with the promoter/MD group is a notable governance point for shareholders to review before voting on August 30, 2025.