Archidply Industries Limited has informed the Exchange regarding Notice of undefined to be held on August 26, 2025
ARCHIDPLY · price
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Archidply Industries has called its 30th Annual General Meeting on Tuesday, August 26, 2025 at 12:30 PM at its registered office in Rudrapur, Uttarakhand. Shareholders will consider and adopt the audited standalone and consolidated financial statements for FY 2024-25, and approve the re-appointment of Mr. Deen Dayal Daga, who retires by rotation. As special business, members will vote on appointing CS Rajneesh Sharma as Secretarial Auditor for a first term of five years (FY 2025-26 to FY 2029-30) at a proposed fee of Rs. 2.50 lakhs per annum. They will also vote on re-appointing Mr. Rajiv Daga as Managing Director & CEO for five years (May 30, 2025 to May 29, 2030) at a starting salary of Rs. 8 lakh per month with a 10% annual increment (ceiling Rs. 12 lakh), and re-appointing Mr. Deen Dayal Daga (age 82) as Executive Chairman & Whole Time Director for five years at Rs. 2 lakh per month. Remote e-voting via NSDL runs from August 23 to August 25, 2025, with a record date of August 19, 2025 and book closure from August 20 to 26, 2025.
Routine AGM notice with no major business surprises, but shareholders should note key resolutions requiring approval — particularly the re-appointment of senior leadership (CEO and Executive Chairman) for another five-year term, including continuation of the 82-year-old Executive Chairman under SEBI's special resolution requirement. Remuneration for Mr. Rajiv Daga has grown from Rs. 49.20 lakhs in FY 2022-23 to Rs. 72.60 lakhs in FY 2024-25, reflecting a steady increase. No direct stock-price catalyst, but resolutions need shareholder majority support to pass.