Outcome of Board Meeting
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Awaiting price reaction for this filing.
Danube Industries has informed BSE about its board meeting held on September 5, 2025 (1:30 PM to 2:10 PM). The 45th Annual General Meeting (AGM) is scheduled for Tuesday, September 30, 2025 at 11:00 AM at the registered office in Ahmedabad, with the cut-off date for voting eligibility set as September 23, 2025 and remote e-voting open from September 27 to September 29, 2025. The board approved the appointment of M/s U B G & Company as new Statutory Auditors for five years (FY 2025-26 to FY 2029-30), replacing retiring auditors M/s V S S B & Associates, with proposed annual fees of Rs 3.50 lakh. M/s Krushang Shah & Associates has been proposed as Secretarial Auditor for the same five-year term at Rs 1.50 lakh per year. Shareholder approval is also being sought for material related party transactions worth Rs 30 crore with Future Infomedia Private Limited (about 27.35% of FY25 turnover) and Rs 10 crore with Allied Business Corporation (about 9.12% of turnover), as well as ratification of Rs 6.75 lakh in sitting fees paid to Independent Director Mr Krishnan Ramaswamy which exceeds 50% of total non-executive director remuneration.
This is a routine corporate governance filing covering multiple items put up for shareholder approval at the upcoming AGM. The auditor change is a standard five-year rotation under the Companies Act, while the material related party transactions (totalling Rs 40 crore) need shareholder approval under SEBI rules. None of the items suggest any change in business fundamentals, though investors should review the RPTs as they are sizeable relative to the company's turnover.