Please find attached herewith Notice of 50th Annual General Meeting of the Company for the Financial Year 2024-25.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cranex Limited has notified its 50th AGM to be held on Monday, 29th September 2025 at 3:00 PM through video conferencing. Ordinary business includes adoption of standalone and consolidated audited financial statements for FY ended 31st March 2025, and re-appointment of Mr. Chaitanya Agrawal (DIN: 05108809), Whole Time Director & CFO, who retires by rotation. Special business includes regularisation of Mr. Avinash Prabhat (DIN: 10997441) as Non-Executive Independent Director for a 5-year term from 20th May 2025 to 20th May 2030. The company is also seeking shareholder approval via special resolutions to increase its borrowing limit under Section 180(1)(c) to up to Rs. 50 Crore, replacing the earlier limit set at the 45th AGM in 2020, and to create mortgage/charge on company assets to secure such borrowings. E-voting will be conducted through NSDL, with the cut-off date being 22nd September 2025 and remote e-voting open from 26th to 28th September 2025.
The proposal to raise the borrowing ceiling to Rs. 50 Crore indicates potential expansion plans or capital expenditure needs, though the actual deployment will only become clear in future quarters. The resolution is being passed as a special resolution, giving shareholders a direct say. Routine items (financials adoption and director re-appointment) are largely procedural and unlikely to impact the stock price on their own.