Intimation of Annual General Meeting to be held 29th September, 2025
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Corporate Merchant Bankers Limited has informed stock exchanges about its 31st Annual General Meeting scheduled for Monday, 29th September 2025 at 2:00 PM, to be held via video conferencing. The company has submitted its Annual Report for FY 2024-25 along with the notice. Key business to be transacted includes adoption of audited financial statements for the year ended 31st March 2025, re-appointment of Mr. Vishal Jethabhai Nayak as Director (retiring by rotation), and his appointment as Managing Director for 5 years (11th April 2025 to 10th April 2030) at a remuneration of up to Rs. 5,00,000 per month. Shareholders will also vote on increasing the borrowing limit to Rs. 500 Crores under Section 180(1)(c), powers to create charges on company assets, and authority for loans/investments up to Rs. 500 Crores under Sections 186 and 185. The cutoff date for e-voting eligibility is 22nd September 2025.
The resolutions on significantly higher borrowing and investment limits (Rs. 500 Crores each) are notable given the company's small scale, potentially signalling future expansion or acquisitions. The Managing Director's appointment and remuneration formalize existing leadership. These are largely procedural AGM items, but the expanded financial powers could materially affect the company's capital structure going forward.