Concord Enviro Systems Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 19, 2025
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Concord Enviro Systems has notified the exchanges of its 26th Annual General Meeting scheduled for Friday, September 19, 2025, at 11:00 AM, to be held via video conferencing. The meeting agenda includes adoption of audited standalone and consolidated financial statements for FY 2024-25 and re-appointment of Mr. Prayas Goel as director, who retires by rotation. Shareholders will also vote on appointing M/s. Martinho Ferrao & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) at a fee of ₹1,25,000 plus 10% annual increase. Additionally, members will consider an amendment to the Concord Enviro ESOP 2022 to add an Amendment and Termination clause, and approve revised remuneration for Chairman & MD Prayas Goel and Executive Director Prerak Goel for FY 2025-26 and 2026-27, with a fixed component of up to ₹2.2 million and variable component of up to ₹10 million per year each.
Mostly routine AGM business, but shareholders should note the proposed hike in variable pay for both executive directors (from a previous cap of ₹6–7.5 million to ₹10 million) and the ESOP amendment giving the board broader flexibility to alter the plan. These are special resolutions requiring higher voting approval thresholds and may attract attention from institutional investors.