We Wish to inform that: 1. 1st EGM of Avon Mercantile Limited( the company) for the FY 2025-26 will be held on Tuesday 24th February, 2026 at 2:00 P.M.), through Video Conference (''VC'')/ ....
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Avon Mercantile Ltd (BSE Scrip Code: 512265) will hold its 1st EGM for FY 2025-26 on Tuesday, 24th February 2026 at 2:00 PM via video conferencing. The only special business item is seeking shareholder approval to appoint Ms. Nikita Sehrawat as 'Manager' of the company for a period of 5 years, effective from 22nd January 2026. Ms. Sehrawat holds a post-graduation degree in commerce with around 1.5 years of experience in legal and compliance, specialising in NBFC and listed company compliances. Her total annual remuneration is proposed at ₹5,00,000 per annum, broken into basic salary of ₹2.40 lakh, bonus of ₹20,000, HRA of ₹1.20 lakh, and other/special allowances of ₹1.20 lakh. The remote e-voting window runs from 21st February to 23rd February 2026, with a cut-off date of 17th February 2026. The Board had already approved her appointment on 22nd January 2026 subject to member ratification.
This is a routine managerial appointment with modest remuneration (₹5 lakh per annum) and is unlikely to have a meaningful impact on stock price or shareholder value. Investors should mainly note the 17th February 2026 record date if they wish to vote on the resolution.