Notice of 31st Annual General Meeting of the Company for the FY 2024-25
ASTAR · price
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Asian Star Company Limited has notified its 31st AGM to be held on Monday, September 29, 2025 at 2:00 p.m. via Video Conferencing (VC/OAVM). Shareholders will consider adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and approve a dividend of Rs. 1.50 per equity share with September 22, 2025 as the record date. The AGM seeks approval to appoint M/s. Yogesh D. Dabholkar & Co. as Secretarial Auditors for a 5-year term (FY 2025-26 to 2029-30), with first-year remuneration of Rs. 75,000. Re-appointments proposed include Mr. Priyanshu A. Shah and Mr. Dharmesh D. Shah as Directors (retiring by rotation), Mr. Vipul P. Shah as CEO & Managing Director for 5 years from January 1, 2026 at a salary of Rs. 1.75 crore per annum, Mr. Arvind T. Shah as Whole-time Director at Rs. 1.25 crore per annum, and Mr. Rahil V. Shah as Whole-time Director at Rs. 75 lakh per annum, all for the period January 1, 2026 to December 31, 2030.
Routine AGM agenda with a modest Rs. 1.50 per share dividend and continuation of the existing promoter-led management team with fixed remuneration for the next 5 years; unlikely to materially impact the stock price, though the dividend confirmation and record date are useful for income-focused shareholders.