The 40th Annual General Meeting of the Company is scheduled to be held on Monday, September 29, 2025 at 04:00 P.M. (IST) through Video Conferencing ("VC")/Other Audio-Visual Means ("OAVM"), ....
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Synthiko Foils Limited (Scrip Code: 513307) has called its 40th AGM on Monday, September 29, 2025 at 4:00 PM via video conferencing. Shareholders will vote on adopting the FY25 audited financial statements and appointing M/s. Mehra Goel and Company as the new statutory auditor for a five-year term (till 2030). The meeting also seeks approval to appoint four directors — two independent directors (Mr. Tarun Dinesh Agarwal and Ms. Gayathri Srinivasan Iyer) and two non-executive directors (Mr. Umesh Kumar Sahay and Mr. Nikhil Dilipbhai Bhuta) — and to re-appoint Mr. Abhishek Narbaria as Managing Director for another five years (till June 2030). Major corporate actions on the agenda include consolidating every two equity shares of Rs. 5 into one share of Rs. 10, shifting the registered office from Jawhar (Thane, Mumbai jurisdiction) to Pune, and raising the company's borrowing and investment limits under Sections 180, 185, and 186 to Rs. 1,500 Crores each.
The Rs. 1,500 Crore borrowing and investment limit is unusually large for a small-cap company, which may indicate plans for significant expansion, acquisitions, or fundraising. Shareholders should note the 2:1 share consolidation will halve their share count (though total value remains unchanged), and the office shift to Pune suggests a relocation closer to the existing corporate office. Director and auditor changes are routine, but the combined restructuring resolutions signal a transformation phase for the company.