Pursuant to Regulation 30 and 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018, please find here enclosed copy of Electronic Notice of Annual General Meeting ....
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Awaiting price reaction for this filing.
Bits Limited has sent out the notice for its 33rd Annual General Meeting scheduled for Sunday, August 3, 2025 at 12:00 PM via video conferencing, covering financial year 2024-25. Six items are up for shareholder approval, including adoption of audited financial statements, re-appointment of Ankit Rathi (DIN 01379134) as director retiring by rotation, and re-appointment of Managing Director Omprakash Ramashankar Pathak for a further 5-year term (May 6, 2025 to May 5, 2030) with monthly remuneration rising from Rs. 1.5 lakh in FY26 to Rs. 3 lakh by FY30. Other items include appointment of Pritika Nagi & Associates as secretarial auditors for 5 years, raising the Section 186 limit for investments, loans and guarantees to Rs. 100 crore, and a special resolution to shift the registered office from Delhi (NCT) to Maharashtra. Remote e-voting via NSDL will run from July 31, 2025 to August 2, 2025, with the cut-off date set as July 28, 2025.
Shareholders should focus on three key voting items: the MD's progressive salary hike (effectively doubling over 5 years), the Rs. 100 crore investment/loan headroom expansion, and the registered office shift out of Delhi — none require immediate share price reaction, but the office shift and higher investment limit give management more operational flexibility going forward.