Dear sir, We are attaching herewith Notice of the Meeting of Board of Directors to be held on 08.12.2025. to consider and approve removal of Directors of the Company. For PROGREX VENTURES LTD.
Awaiting price reaction for this filing.
Progrex Ventures Ltd has informed the BSE that a Board Meeting is scheduled for December 8, 2025 at 1:00 PM at its registered office in Bhopal. The main agenda item is to consider the vacation of office and removal of two directors — Ms. Shilpa Ajay Bhatia (DIN: 10377931) and Mr. Alpa Nikhit Dhami (DIN: 11138016). According to the notice, both were appointed as Additional Directors on August 28, 2025, but their appointments could not be regularised at the Annual General Meeting held on September 30, 2024. As a result, under Section 161(1) of the Companies Act, 2013, their appointments have ceased and are to be formally cancelled. The company has also kept a standard agenda item open for any other incidental business with the Chair's permission.
The removal of two recently appointed directors signals board-level instability and weak governance hygiene at the company, as their appointments were never ratified by shareholders. For retail investors, this is a negative governance flag that may raise concerns about management oversight, though it does not directly impact operations or financials at this stage.