Please find the attached intimation for 38th AGM
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ATV Projects India Ltd has informed BSE that its 38th Annual General Meeting will be held on Saturday, 16th August 2025 at 11:00 AM via Video Conferencing. Shareholders will vote on adopting audited financial statements for FY ended 31 March 2025 and reappointing Mr. H.C. Gupta as Director (retires by rotation). Special business includes reappointment of Mr. Arun Kumar Sharma as Whole Time Director for a second 5-year term at a remuneration of Rs. 10.19 lakhs per annum, along with reappointment of two Independent Directors — Mrs. Payal Sanghavi and Mrs. Deepa Shridhar Rai — each for a second 5-year term. The company is also seeking shareholder approval to issue 25,00,000 convertible warrants on a preferential basis to promoter group entity Mahalaxmi Import Export Pvt. Ltd. at Rs. 41.50 per warrant, aggregating Rs. 10.375 crore, and to sell/lease/develop up to 3.29 acres of surplus land at ATV Nagar, Mathura (revised from earlier 2.71 acres).
The preferential issue of 25 lakh convertible warrants to a promoter entity, if fully converted, will dilute existing shareholders by roughly 25 lakh equity shares (face value Rs. 10 each) and bring in up to Rs. 10.375 crore in fresh capital from the promoter group, signalling promoter confidence. The land monetisation proposal could unlock additional value from surplus Mathura assets, while board continuity is maintained through multiple director reappointments.