Certified copy of the Minutes of 39th Annual General Meeting of the Company held on Wednesday, 24th September, 2025 at 2.00 P.M. through VC/OAVM.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Asian Tea & Exports Limited held its 39th AGM on 24th September 2025 via video conferencing for FY 2024-25, with 47 members present and chaired by Managing Director Mr. Hariram Garg. Four resolutions were passed with overwhelming shareholder support (99.99% votes in favour in each case): (1) adoption of standalone and consolidated audited financial statements for FY ended 31st March 2025, (2) re-appointment of Mr. Sunil Garg as Director liable to retire by rotation, (3) appointment of Mr. Rajnish Kumar Kansal as Non-Executive Independent Director for 5 years (till 26 June 2029) along with the appointment of M/s Puja Pujari & Associates as Secretarial Auditor, and (4) re-appointment of Mr. Hariram Garg as Chairman & Managing Director for 3 years (29 September 2025 to 28 September 2028). Notably, the MD has been re-appointed with no remuneration, and there were no audit qualifications from the statutory or secretarial auditors.
Routine procedural filing with all resolutions passed by near-unanimous shareholder approval, indicating no governance dissent. The MD's re-appointment without remuneration signals continued cost discipline and promoter commitment, which is generally viewed positively by retail investors though it may also reflect the small-scale, promoter-driven nature of the company.