Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , Please find here enclosed Annual Report of the Company for the Year 2024-05.
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Bits Limited has filed its 33rd Annual Report along with the notice for its Annual General Meeting scheduled for Sunday, 3rd August 2025 at 12:00 PM via video conferencing. Shareholders will consider adopting audited standalone and consolidated financial statements for FY 2024-25. Key resolutions include re-appointment of Mr. Ankit Rathi as Director retiring by rotation, re-appointment of Mr. Omprakash Ramashankar Pathak as Managing Director for a further 5-year term (May 2025 to May 2030) with remuneration escalating from Rs 1.5 lakh to Rs 3 lakh per month, and appointment of Pritika Nagi & Associates as Secretarial Auditors for 5 years. Additionally, shareholders will vote on a special resolution to permit investments, loans and guarantees up to Rs 100 crore, and another special resolution to shift the registered office from Delhi to Maharashtra.
Routine annual compliance filing, but contains notable items: a proposed registered office shift from Delhi to Maharashtra, expanded borrowing/investment authority of Rs 100 crore, and a structured MD remuneration increase over 5 years. These are largely governance and administrative matters with limited immediate impact on shareholder value, though investors should review the financial statements and MD re-appointment terms before voting.