Outcome and Proceedings of the 40th Annual General Meeting of the Company held on September 29, 2025.
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Synthiko Foils Limited held its 40th AGM on September 29, 2025, via video conferencing from 4:00 PM to 4:30 PM, with 27 members participating. The meeting was chaired by Managing Director Mr. Abhishek Narbaria, with all directors and statutory/secretarial auditors present. 13 resolutions were put to vote, covering ordinary business such as adoption of FY25 audited financials and statutory auditor appointment, along with special business including appointment of two Independent Directors, the Managing Director, two Non-Executive Directors, an increase in the borrowing limit under Section 180, loan/investment authorities under Sections 185 and 186, share capital consolidation, amendment to the capital clause of the MOA, and shifting of the registered office from Mumbai to Pune. No registered speakers participated. Voting results along with the Scrutinizer's Report will be filed with the stock exchange within two working days.
Shareholders should watch for the voting results (due within 2 working days) as resolutions on share capital consolidation and registered office shift from Mumbai to Pune could affect shareholding structure and corporate governance. The increase in borrowing limits and broad loan/investment authorities, if approved, give the company significantly more financial flexibility going forward.