Creative Newtech Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
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Creative Newtech Limited held its 21st AGM on September 30, 2025, from 11:00 AM to 11:38 AM via video conferencing, with 60 shareholders in attendance. A total of 10 resolutions were transacted, including adoption of FY25 audited financial statements, declaration of a final dividend, and re-appointment of Mr. Vijay Advani as Whole-time Director. Key special business items included approval for related party transactions, appointment of a secretarial auditor for a 5-year term (FY26–FY30), an increase in overall borrowing limits, appointment of Mrs. Purvi Patel as President – Strategy & Sustainability, and revision of remuneration for the CMD and Whole-time Director. The Chairman noted that prevailing economic and market conditions affected the company's operations, and the CFO briefed shareholders on FY25 financial performance and growth ratios. Voting results and the scrutiniser's report will be filed separately with the exchange.
The dividend declaration and director remuneration revisions are positive governance signals, but the increase in borrowing limits may indicate higher future debt levels. Investors should watch for the detailed voting results, which could influence sentiment on the related party transactions and remuneration hikes.