Submission of Notice of the 30th Annual General Meeting of the Company to be held on 26.09.2025 at 03.00 PM through Video Conferencing (VC)/Other Audio Visual Means (OAVM).
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Awaiting price reaction for this filing.
CG Vak Software & Exports has called its 30th AGM for Friday, 26 September 2025 at 3:00 PM, to be conducted via video conferencing. The Register of Members and Share Transfer Books will remain closed from 20 September to 26 September 2025 for the AGM and dividend purposes. Five items are on the agenda: (1) adoption of audited financial statements for FY2024-25, (2) declaration of dividend, (3) reappointment of Mrs. S. Latha as Director (retiring by rotation), (4) appointment of M/s. LMS & Associates as Secretarial Auditors for five years from FY2025-26 to FY2029-30, and (5) reappointment of Mr. G. Suresh as Managing Director & CEO for three years (1 September 2025 to 31 August 2028) at a monthly salary of Rs. 30 lakh plus 1% commission on net profits. E-voting opens 23 September at 9:00 AM and closes 25 September at 5:00 PM, with the cut-off/record date being 19 September 2025.
The reappointment of the promoter MD/CEO with an increased pay structure (Rs. 30 lakh/month vs. earlier Rs. 361.33 lakh per annum inclusive of perquisites) is the key item requiring shareholder approval via special resolution. The likely dividend declaration and unchanged financials (revenue ~Rs. 55 crore, PAT ~Rs. 8.9 crore in FY25 vs. ~Rs. 8.8 crore in FY24) suggest a routine year, so the AGM itself is unlikely to move the stock sharply barring surprises on the dividend quantum.