Annual Report for the Financial Year 2024-25
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Alkosign Ltd has submitted its Annual Report for FY 2024-25 along with the notice for its 5th Annual General Meeting scheduled for Friday, 26th September 2025 at 12:00 noon at the registered office in Bhiwandi, Thane. The AGM agenda includes adoption of audited financial statements, re-appointment of Mr. Akshay Narendra Shah (Non-Executive Director) who retires by rotation, and approval of related party transactions with M/s Senate Office System (a proprietorship firm) up to Rs. 15 Crores for FY 2025-26. Mr. Akshay Shah, the proprietor, is the brother of Managing Director Mr. Samir Shah. Other items include seeking approval for director remuneration exceeding the 11%/10% Section 197 thresholds, appointment of M/s Dilip Swarnkar & Associates as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30), and revision of Mr. Akshay Shah's remuneration up to Rs. 12 lakhs per annum from 1st April 2025.
Shareholders should note the sizable Rs. 15 Crore related party transaction limit for FY 2025-26 with a director-related entity, which requires their approval at the AGM. The proposed increase in director remuneration limits and appointment of a new secretarial auditor for a 5-year term are routine governance items that give shareholders voting discretion on executive pay.