Notice of Annual General Meeting to be held on 26th September 2025.
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Alkosign Ltd (BSE SME, Scrip Code: 543453) has issued notice for its 5th AGM on Friday, 26th September 2025 at 12:00 Noon, to be held at the registered office in Bhiwandi, Thane. The Annual Report for FY 2024-25 has been submitted to BSE and is available on the company's website. Ordinary business includes adoption of FY25 financial statements and re-appointment of Mr. Akshay Narendra Shah as a director (he retires by rotation). Special business includes approval for related party transactions with M/s Senate Office System (a proprietorship firm owned by Akshay Shah, who is the brother of Managing Director Samir Shah) for purchase/sale of boards and benches up to Rs. 15 crore in FY 2025-26. Other items seek approval for increasing overall director remuneration beyond the 11% statutory cap (up to 15% of net profits), raising remuneration of Non-Executive Director Akshay Shah up to Rs. 12 lakh per annum, and appointing M/s Dilip Swarnkar & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). Remote e-voting runs from September 23-25, 2025, with the cut-off date set as September 19, 2025.
These are standard AGM agenda items, but shareholders should pay attention to the Rs. 15 crore related party transaction with a promoter-family entity and the proposed increase in director remuneration beyond statutory thresholds. No immediate material impact on the stock price is expected from the notice itself, though governance-sensitive investors may scrutinise the related party deals.