proceedings of 9th Annual General Meeting
AURIGROW · price
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Auri Grow India Limited held its 9th AGM on September 30, 2025, via video conferencing, lasting just 22 minutes. Shareholders approved 8 resolutions, including adoption of FY25 audited financial statements, reappointment of Mr. Pratikkumar Ketanbhai Patel as director, appointment of statutory and secretarial auditors, and powers to give loans and guarantees under Sections 185 and 186. A special resolution was passed to raise the FPI/FII aggregate shareholding limit to 49% of paid-up equity capital, opening the door to greater foreign institutional ownership. Shareholders also rescinded a November 2024 postal ballot resolution that had sought to increase authorised share capital. The statutory auditor's report carries a disclaimer of opinion, though the company says this does not affect its functioning.
The auditor's disclaimer of opinion is a notable red flag that retail investors should weigh carefully. Raising the FII/FPI limit to 49% could attract foreign institutional flows but also increase share price volatility, while the rescission of the earlier authorised capital hike removes a potential dilution overhang.