In continuation to our previous communication, attached herewith is the Notice along with the explanatory statement of the 40th Annual General Meeting of the Company scheduled to be on ....
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Awaiting price reaction for this filing.
Cranes Software International has called its 40th AGM for Monday, 29th September 2025 at 1:00 PM via video conferencing. The record date is 22nd September 2025, with the register of members closed from 23rd to 29th September. Ordinary business includes adoption of FY25 audited standalone and consolidated financial statements and re-appointment of Mr. Mueed Khader (DIN: 00106674), who retires by rotation. A special business item seeks shareholder approval to appoint M/s Kedarnath & Karthik as Secretarial Auditor for five consecutive years (FY2025-26 to FY2029-30) at a fixed fee of Rs. 50,000 per annum plus taxes. Another special resolution seeks approval for related party transactions totalling Rs. 5,075.08 lakhs (~Rs. 50.75 crore) with group companies and subsidiaries, the largest being Rs. 3,166.34 lakhs receivable from US subsidiary Systat Softwares Inc and Rs. 804.85 lakhs payable to Cranes Varsity Pvt Ltd.
This is a routine AGM notice covering standard items like financial statement adoption and director re-appointment. The related party transactions, while sizable at Rs. 50.75 crore, are largely with subsidiaries and appear operational; shareholders should review them but no major price-moving event is expected from this filing.