79th Annual General Meeting of the Company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Brady & Morris Engineering Company has called its 79th AGM for September 27, 2025 at 11:30 AM via video conferencing to conduct business for FY 2024-25. Ordinary business includes adopting the audited financial statements and re-appointing Mr. Rajender Kumar Sharma, who retires by rotation. Special business seeks shareholder approval for material related party transactions with its parent company W. H. Brady & Co. Ltd., capped at Rs. 100 crores annually from FY 2025-26 to FY 2035-36, with past three years' transactions being Rs. 14.66 crore (FY25), Rs. 23.08 crore (FY24), and Rs. 12.27 crore (FY23), representing about 16.16% of the company's turnover. Members will also vote on appointing M/s. GMJ & Associates as Secretarial Auditors for a five-year term from April 2025 to March 2030, with first-year fees of Rs. 1.68 lakh plus taxes. The meeting will be held through electronic means only, with no physical attendance.
This is largely a routine governance filing, but the Rs. 100 crore related party transaction limit with the parent company is significant given past deals were around Rs. 15-23 crore annually. Approval would formalize a long-term contract extending to FY 2035-36, which investors should monitor as it ties a meaningful chunk of revenue to the promoter group.