Intimation for cut off date for 35th Annual general meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cubical Financial Services Ltd, an NBFC, has fixed Monday, 22nd September 2025 as the cut-off date to determine members eligible for e-voting at its 35th Annual General Meeting, which will be held on 29th September 2025 at 2:00 PM via video conferencing. Remote e-voting will open from 26th September (9:00 AM) to 28th September 2025 (5:00 PM). Key items on the AGM agenda include adoption of FY25 audited financials, appointment of M/s. Krishan Rakesh & Co. as statutory auditor for five years till 2030, re-appointment of Mr. Ashwani Kumar Gupta as director, approval to raise his Managing Director remuneration to Rs. 24 lakh per annum (from Rs. 50,000 per month currently) for three years, appointment of Mr. Ram Gopal Dalmia (age 73) as Independent Director for five years, and appointment of Mukesh Agarwal & Co. as Secretarial Auditor for five years (FY26-FY30). The company noted it has inadequate profits, which is relevant context for the MD remuneration hike requiring special resolution approval.
Routine procedural filing, but shareholders should note the proposed 4x increase in Managing Director remuneration against a backdrop of inadequate profits. The appointment of a 73-year-old independent director also requires special resolution approval. No immediate material impact on share price is expected, but these resolutions will be voted on at the AGM.