Intimation of Annual General Meeting to be held on 30th September, 2025
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Awaiting price reaction for this filing.
Chandrima Mercantiles Limited has called its 43rd AGM on Tuesday, 30th September 2025 at 4:00 PM through video conferencing. Shareholders will consider adoption of audited financial statements for FY 2024-25 and re-appointment of Mr. Pranav Trivedi (DIN: 09218324) who retires by rotation. The company proposes to increase its authorised equity share capital from Rs. 22.25 crore to Rs. 33.32 crore (22.25 cr shares to 33.32 cr shares of Re. 1 each). A bonus issue in the ratio of 1 new equity share for every 2 existing shares has been proposed, to be funded by capitalising up to Rs. 11.10 crore from the Securities Premium Account. Additionally, M/s. Jay Pandya & Associates has been proposed as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30. Record date for the bonus issue and cut-off date for e-voting eligibility is 23rd September 2025; remote e-voting window is 27-29 September 2025.
The 1:2 bonus issue is positive for shareholders as it increases share count without cash outflow, though the stock price typically adjusts lower on the ex-bonus date. The authorised capital hike signals room for future fundraising. Watch for ex-bonus and record date announcements, as these directly affect shareholding and short-term price action.