We enclose herewith copy of the notice of 78th Annual General Meeting scheduled to be held on 25th August, 2025 at 11.30 a.m. at the venue mentioned in the notice and copy of the Annual ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bright Brothers Limited has sent out the notice for its 78th Annual General Meeting scheduled on Monday, 25th August 2025 at 11:30 a.m. at Walchand Hirachand Hall, Indian Merchant Chambers, Churchgate, Mumbai. The cut-off date to determine eligible shareholders is 18th August 2025, with remote e-voting open from 22nd August (9:00 a.m.) to 24th August (5:00 p.m.). Shareholders will vote on adopting the FY25 audited financial statements (standalone and consolidated), declaring a dividend on equity shares for FY 2024-25, and re-appointing Chairman & Managing Director Mr. Suresh Bhojwani by rotation. Other items include ratifying Cost Auditors' remuneration of Rs. 2,50,000 plus tax for FY 2025-26, appointing Ms. Purnima Shetty as Secretarial Auditor for five years (FY26 to FY30), and re-appointing Mr. Anil Kumar Bhandari as Independent Director for a second five-year term from 9th September 2025 to 8th September 2030. Special resolutions also seek shareholder approval for paying remuneration to Mr. Suresh Bhojwani (CMD) above Schedule V limits from 1st February 2026 to 31st January 2028, paying remuneration to Whole-time Director Mrs. Devika Bhojwani from 1st October 2025 to 30th September 2027, and authorising commission of up to 1% of net profits to Non-executive Directors for five years from 1st April 2025.
Routine AGM business with one notable item for shareholders: a dividend on equity shares for FY 2024-25 is proposed for declaration, while management remuneration in excess of statutory Schedule V limits and a 1% net-profit commission pool for non-executive directors will require an affirmative shareholder vote. The CMD, Mr. Suresh Bhojwani, drew Rs. 91.91 lakhs in FY25 and holds 16.57 lakh equity shares, indicating promoter alignment with minority holders.