Notice of 18th Annual General Meeting ("18th AGM") of B-Right Realestate Limited.
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B-Right Realestate Limited has notified the convening of its 18th Annual General Meeting on Saturday, September 27, 2025 at 5:00 PM at its registered office in Malad East, Mumbai. The AGM will consider six resolutions: ordinary business items include adoption of audited financial statements for FY ended March 31, 2025 and the re-appointment of Mr. Anirudh Salla as a director retiring by rotation. Special business includes changing the designation of Mr. Sanjay Nathalal Shah from Whole Time Director to Chairman and Managing Director for five years, approving his remuneration in excess of 5% of net profits (capped at Rs. 200 lakhs per annum), appointing M/s. DSM & Associates as Secretarial Auditor for FY 2025-26, and seeking approval to accept fixed deposits of up to Rs. 14.02 crores from members and Rs. 35.05 crores from the public. The company's FY 2024-25 financials show revenue of Rs. 628.45 lakhs and profit after tax of Rs. 59.30 lakhs. The proposed gross salary for the Chairman and MD is Rs. 60 lakhs per annum.
Routine AGM notice with no major surprises. The fixed deposit proposal (up to Rs. 49.07 crores combined) signals intent to raise debt from retail/public sources, while the elevated managerial remuneration and designation upgrade consolidate control with the promoter. Shareholders should review the fixed deposit and remuneration resolutions carefully as they carry governance implications.