Outcome and Summary of the Annual General Meeting held on 30th September, 2025.
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Chandrima Mercantiles Ltd held its 43rd Annual General Meeting on 30th September 2025 via video conferencing, which lasted just 7 minutes (4:18 PM to 4:25 PM). The meeting was chaired by Director Mr. Pranav Trivedi. Five resolutions were tabled, including adoption of FY25 audited financial statements and re-appointment of Mr. Pranav Trivedi as a director retiring by rotation. A significant special resolution was passed to capitalise reserves and issue Bonus Equity Shares to shareholders, alongside an ordinary resolution to increase the company's Authorised Share Capital and amend the Capital clause of the Memorandum of Association. The company also appointed M/s. Jay Pandya & Associates as Secretarial Auditor for a 5-year term. E-voting results were stated to be announced within 2 working days.
The key highlight for shareholders is the approval of a Bonus Share issue through capitalisation of reserves, which will increase the number of shares held by investors (typically leading to an adjusted share price post-record date). The increase in authorised share capital supports this bonus issuance. The brief 7-minute meeting is routine but the bonus issue is the material event to watch; share price may adjust downward on the ex-bonus date once record dates are announced.