Attached herewith Proceedings of 31st Annual General Meeting.
Awaiting price reaction for this filing.
Asian Flora Ltd held its 31st AGM on September 30, 2025 via video conferencing from 11:30 AM to 1:00 PM, chaired by Managing Director Setty Sangameswar. Three ordinary resolutions were passed: adoption of audited financial statements for FY ended March 31, 2025, re-appointment of the Managing Director (retiring by rotation), and appointment of a Secretarial Auditor. The Chairman made important disclosures about past compliance problems — the previous statutory auditors resigned in November 2024 due to inability/ineligibility, leading to delays in filing quarterly results for FY 2023-24 and part of FY 2024-25. New auditors M/s Sathuluri & Co were appointed to complete the pending audits. As a result of these delays, BSE has suspended trading of the company's shares, and the Board is pursuing revocation of the suspension and was granted 4 months by BSE's delisting committee to address non-compliances.
Negative for shareholders — the company's shares are currently suspended from trading on BSE due to repeated filing delays and non-compliances, with a real risk of delisting if issues are not resolved within the 4-month window granted. Investors should monitor the suspension revocation outcome closely, as this directly affects share liquidity and value.