Annual Report of the Company for the Financial Year 2024-25
Awaiting price reaction for this filing.
India Radiators Limited has submitted its 75th Annual Report for FY ended 31 March 2025 and the AGM Notice to BSE. The AGM is scheduled for Wednesday, 24 September 2025 at 2:30 PM via video conferencing, with e-voting open from 21 to 23 September 2025. Several board changes have taken place — four independent directors retired on 28 May 2025, one new independent director (Ms. Sashikala Srikanth) was appointed on 29 May 2025, and the CFO was changed in June 2024 (Mr. N Umasankar replaced Mr. V Padmanabha Sarma). Key AGM resolutions include reappointment of Whole Time Director Mr. E.N. Rangaswami (age 69), approving his continuation past age 70, appointing KRA & Associates as Secretarial Auditor for five years (FY26–FY30) at Rs 25,000 per annum, and approving related party transactions of up to Rs 3 crore with holding company Mercantile Ventures Limited, which represents about 2.11% of the company's standalone turnover of Rs 6.32 lakh.
This is a routine annual compliance filing with no direct earnings or capital action. Shareholders should review the board turnover and vote on the related-party transaction with the holding company, which is the most material item on the AGM agenda.