Submission of Notice of 32nd AGM.
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Astal Laboratories Limited (formerly Macro International Limited) has filed the notice for its 32nd AGM, scheduled for Friday, 12th September 2025 at 3:00 PM via video conferencing. The meeting will consider the audited financial statements for FY 2024-25 and the re-appointment of Ms. Ravikanti Shailaja as Non-Executive Director, who retires by rotation. Special business includes appointing M/s. Mahendra Khandelwal & Co. as Secretarial Auditors for a 5-year term (FY26 to FY30), and seeking shareholder approval to raise the borrowing limit up to Rs. 500 Crores along with the ability to mortgage company assets to secure these borrowings. Two further resolutions seek approval to give loans, guarantees, or make investments up to Rs. 500 Crores, and to extend similar financial support to entities where directors are interested, both up to Rs. 500 Crores. E-voting will be open from 9th September to 11th September 2025, with the cut-off date set as 5th September 2025; the member register will be closed from 6th to 12th September 2025.
Shareholders should review the special resolutions carefully — the proposed Rs. 500 Crore borrowing and investment limits are very large relative to typical small-cap companies and could signal plans for significant expansion, acquisitions, or group-level financial support. Approval of these limits gives the board broad financial flexibility, including the ability to extend loans to director-related entities.