Intimation of Annual General Meeting
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City Crops Agro Limited (BSE Code: 544000) has filed its 12th AGM notice, with the meeting scheduled for Monday, 29th September 2025 at 12:00 PM via video conferencing. Ordinary business includes adopting the FY25 audited financial statements and re-appointing Ms. Shitalben K. Shah (DIN: 08935979) who retires by rotation. Four special resolutions seek shareholder approval for: (i) raising the Board's borrowing limit to Rs. 500 crore under Section 180(1)(c), (ii) creating charges on company assets under Section 180(1)(a), (iii) powers to extend loans, guarantees and investments up to Rs. 500 crore under Section 186, and (iv) approval to advance loans to entities in which directors are interested up to Rs. 500 crore under Section 185. The company has appointed Jay Pandya & Associates as Scrutinizer, with NSDL providing remote e-voting from 26-28 September 2025 and a cut-off date of 22 September 2025.
The Rs. 500 crore limit in each of the four special resolutions is unusually large for a small-cap company on BSE, indicating the management is seeking wide financial flexibility - likely for expansion, acquisitions or related-party funding. Retail shareholders should review the FY25 annual report (audited financials on pages 58-61) for actual company size and performance before voting, as these limits could materially affect future leverage and related-party exposure.