Annual Report with AGM Notice
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Danube Industries Limited has fixed Tuesday, September 30, 2025 at 11:00 a.m. as the date and time for its 45th Annual General Meeting at its registered office in Ahmedabad. The cut-off date for identifying shareholders eligible to vote is September 23, 2025, and the remote e-voting window runs from September 27 to September 29, 2025 via NSDL. Key business items include adoption of the audited FY 2024-25 financial statements, re-appointment of Managing Director Meena Sunil Rajdev (who retires by rotation), appointment of M/s. U B G & Company as the new Statutory Auditor for five years (FY 2025-26 to FY 2029-30) in place of M/s. V S S B & Associates, and appointment of M/s. Krushang Shah & Associates as Secretarial Auditor for a similar five-year term. The notice also seeks shareholder approval for ratifying sitting fees of Rs. 6.75 Lakhs paid to Independent Director Mr. Krishnan Ramaswamy, which exceeds 50% of total non-executive director remuneration, and for material related party transactions with Future Infomedia Private Limited (Rs. 30 Crore, ~27.35% of FY24-25 turnover) and Allied Business Corporation (Rs. 10 Crore, ~9.12% of turnover), both linked to the promoter group.
Routine AGM business — most items are procedural except the auditor change (V S S B & Associates retiring after their term) and the material related party transactions, which together total Rs. 40 Crore with promoter-linked entities and will require shareholder approval. The sitting-fees ratification for one independent director is a minor governance item and unlikely to materially affect the stock.