We attach herewith a copy of notice for 33rd Annual General Meeting of the Company to be held at 11.00 a.m. on Tuesday, 19th August, 2025 through Video Conferencing (VC) / Other Audio Visual ....
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Axtel Industries has called its 33rd Annual General Meeting on Tuesday, August 19, 2025 at 11:00 a.m., to be held through video conferencing. Ordinary business items include adopting the FY25 audited financial statements, declaring a dividend, and re-appointing Mr. Ajitsingh Mohansingh Bubber as a Director (retiring by rotation). Special business items seek shareholder approval to fix the remuneration of two Whole-time Directors — Mr. Ajay Naishad Desai (capped at Rs. 2.40 crore per year through February 2027) and Mr. Ajay Nalin Parikh (capped at Rs. 2.40 crore per year through July 2028), each with a salary ceiling of Rs. 20 lakh per month. Other resolutions include authority under Section 186 for loans/investments up to Rs. 250 crore, appointment of M/s Ruchita Patel & Associates as Secretarial Auditors for five years (FY26 to FY30), and ratification of Cost Auditor M/s K. H. Shah & Co.'s fee of Rs. 60,000 for FY26. The company reported FY25 net profit after tax of Rs. 18.03 crore and exports of Rs. 31.20 crore.
For shareholders, the key items are the dividend declaration and the executive remuneration hike, which the company itself describes as warranted despite profits being considered 'inadequate' under managerial pay limits. The Rs. 250 crore Section 186 authority is a broad enabling resolution giving the board wide latitude for future investments, loans, or guarantees, which investors should weigh carefully.