We wish to inform you that the Board of Directors in the Board Meeting held on 3rd September 2025 has inter-alia approved the following: 1. The 40th AGM of the Company is scheduled to ....
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Cranes Software International Ltd's board met on 3rd September 2025 and approved the 40th Annual General Meeting for Monday, 29th September 2025 via video conferencing, with the record date set as 22nd September 2025. The board approved the appointment of M/s Kedarnath & Karthik as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30) at Rs 50,000 per annum, subject to shareholder approval. The board is also seeking shareholder approval for related party transactions totalling Rs 5,075.08 lakhs (~Rs 50.75 crore) with seven subsidiaries/group entities, the largest being Systat Softwares Inc at Rs 3,166.34 lakhs and Cranes Varsity Pvt Ltd at Rs 804.85 lakhs. Director Mr. Mueed Khader (DIN: 00106674) will retire by rotation and seek re-appointment at the AGM. E-voting will be open from 26-28 September 2025 via the CDSL platform.
This is largely routine corporate housekeeping ahead of the AGM with no major strategic shift. Shareholders should carefully review the related party transactions worth nearly Rs 51 crore, as they involve entities linked to promoter directors (Asif Khader and Mueed Khader). No immediate material impact expected on stock price from these administrative approvals, though the RPT vote warrants attention from institutional investors.