Notice of Extra Ordinary General Meeting
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Awaiting price reaction for this filing.
Consecutive Investment & Trading Company Limited has called an Extra Ordinary General Meeting on April 22, 2025, at 3:00 p.m. at its registered office in Kolkata. The EGM will consider four special business items: (1) increasing the authorized share capital from Rs. 16.50 crore to Rs. 66 crore (a 4x jump), split into 66 crore equity shares of Rs. 1 each; (2) appointment of Mr. Jitendrakumar Chimanlal Leuva as Managing Director for a 5-year term starting February 19, 2025, with a salary of Rs. 50,000–Rs. 1 lakh per month; (3) regularization of Mr. Vimal Koli as Executive Director; and (4) regularization of Mrs. Promila Sharma as Independent Director for 5 years. The e-voting record date is April 15, 2025.
For shareholders, this is largely a procedural EGM covering capital authorization expansion and board appointments. The 4x increase in authorized share capital signals the company is preparing room for a potential future fundraise, bonus issue, or stock split, though no such action is being approved now. Watch for a follow-up announcement on what the extra capital headroom will be used for.