Proceedings of 40th Annual General Meeting of the Company held through VC/OAVM
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Chandra Prabhu International Limited held its 40th AGM on September 10, 2025, conducted via video conferencing from 11:00 AM and concluded at 11:45 AM. All five directors, including Chairman & Managing Director Mr. Gajraj Jain, attended virtually, along with the CFO, Company Secretary, Statutory Auditor and Secretarial Auditor. Out of 8,052 shareholders on record, 146 participated in the meeting (5 promoter group, 141 public). Both the Statutory Auditor's report and Secretarial Auditor's report were unqualified with no observations. Seven resolutions were put to e-vote, covering key items such as adoption of FY25 audited financial statements, re-appointment of Mr. Pradeep Goyal (director retiring by rotation), re-appointment of Mr. Gajraj Jain as Chairman-cum-Managing Director (special resolution), appointment of branch auditors, increase in authorised share capital, issue of bonus equity shares by capitalising reserves, and appointment of new Secretarial Auditors. The e-voting result and scrutiniser's report will be submitted to the stock exchange within two working days.
The agenda signals potentially positive shareholder value creation — a proposed bonus issue and increase in authorised share capital are in the pipeline, subject to e-voting results. Investors should watch for the voting outcome on the bonus issue and capital expansion, as these could dilute or reward existing shareholders depending on the structure approved.