Notice of 65th AGM of the company to be held on September 27, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Baroda Rayon Corporation has filed the notice of its 65th AGM, scheduled for Saturday, September 27, 2025 at 9:00 a.m. at Patidar Bhavan, Kadodara, Surat, along with the Annual Report for FY 2024-25. Key business items include adopting the FY25 audited financials, re-appointing Mrs. Vidhya Bhavani (who retires by rotation), and special resolutions to re-appoint Mr. Damodarbhai Patel as Managing Director (Dec 12, 2025 to Dec 11, 2028) and Mr. Viral Bhavani as Whole Time Director (Oct 1, 2025 to Sep 30, 2028), with a proposed hike in MD remuneration from Rs. 5 lakh to Rs. 7.5 lakh per month. Shareholders will also vote on appointing Mr. Manish R. Patel as Secretarial Auditor for five years (FY26–FY30) and on granting the board authority to make investments, loans and guarantees up to Rs. 1,000 crore. For FY25, the company reported total income of Rs. 102.73 crore and profit after tax of Rs. 40.35 crore, despite a Rs. 11.32 crore exceptional/extraordinary charge, with textile operations still shut since August 2008 and real estate as the active segment. Remote e-voting runs from September 24 to September 26, 2025, with the cut-off date set at September 20, 2025.
This is a routine AGM notice, but shareholders should watch three voting items that materially affect governance: the 50% hike in MD remuneration, re-appointments of both executive directors for fresh three-year terms, and the broad Rs. 1,000 crore investment and lending authority sought from members. Approval of the investment resolution would meaningfully expand the board's financial flexibility going forward.