Annual Report
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Corporate Merchant Bankers Ltd has submitted its Annual Report for FY 2024-25 along with the notice for its 31st Annual General Meeting scheduled for 29th September 2025 via video conferencing. Key business items include adoption of audited financial statements, re-appointment of Mr. Vishal Jethabhai Nayak as Director (retiring by rotation), and his appointment as Managing Director for 5 years (April 2025 to April 2030) at a remuneration of up to Rs. 5,00,000 per month. The company is seeking shareholder approval to raise its borrowing limit to Rs. 500 Crores under Section 180(1)(c) of the Companies Act, a significant increase from current levels. Additional approvals sought include powers to dispose of undertakings under Section 180(1)(a), authority for loans/investments up to Rs. 500 Crores under Section 186, and approval for loans to directors/related parties up to Rs. 500 Crores under Section 185. The company's registered office is in New Delhi with a corporate office in Ahmedabad.
The proposed Rs. 500 Crore borrowing limit and related-party loan authority are unusually large for a small-cap merchant banking company and may signal significant expansion plans or potential capital raising activity. Shareholders should carefully evaluate the rationale for these elevated limits relative to the company's current size. The MD appointment and routine director reappointment are standard governance items.