Announced Fri, 5 Sept · 19:41 IST

Notice of 65th Annual General Meeting

Board & Shareholder Meetings View source PDF

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AI summary

Citadel Realty and Developers Ltd has issued the notice for its 65th Annual General Meeting (AGM) to be held on Monday, September 29, 2025 at 12:00 noon via video conferencing. The agenda includes adopting the audited standalone and consolidated financial statements for FY ending March 31, 2025, reappointing Mr. Chetan R. Shah (Non-Executive Director, retiring by rotation), and appointing ATMS & Co. LLP as new statutory auditors for a 5-year term (65th to 70th AGM) in place of the retiring auditors Bipin B. Shah & Co. Two special resolutions are also tabled: (1) approval of the 'CRDL ESOP Plan-2025' allowing up to 4,50,000 equity shares (face value Rs. 10 each) to be issued to employees, and (2) extending ESOP benefits to employees of holding, associate, and subsidiary companies. AUS & Co. is proposed as secretarial auditor for five years (FY 2025-26 to 2029-30). The cut-off date for e-voting eligibility is September 22, 2025, with remote e-voting running September 25-28, 2025. The register of members will be closed from September 23-29, 2025.

Likely market impact

Shareholders should note the auditor change from Bipin B. Shah & Co. to ATMS & Co. LLP and the proposed ESOP scheme which could lead to dilution of up to 4,50,000 equity shares (subject to existing capital size). Voting outcomes on the ESOP special resolutions and director reappointment will be decided during the September 29, 2025 meeting.