Notice of 32nd Annual General Meeting of the Company
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Dev Labtech Venture Ltd has called its 32nd AGM on Saturday, 27th September 2025 at 1:00 PM via video conferencing. Shareholders will vote on adopting the standalone and consolidated audited financial statements for FY ended 31st March 2025, re-appointing Mrs. Dimple Jay Donda as a director, and appointing M/s. H A R & Co. as statutory auditors for a 5-year term (until the 37th AGM). A key item is the approval of material related-party transactions worth up to Rs. 50 crore over five years (FY 2025-26 to FY 2029-30) with Dev Labtech Venture Inc., a wholly-owned US subsidiary incorporated in Delaware in October 2024 that deals in jewelry and diamonds. Other items include shifting the registered office from Bhavnagar to Surat (within Gujarat) and approving monthly remuneration of Rs. 5 lakh each for Chairman and Managing Director Mr. Jerambhai Lavjibhai Donda and Whole-time Director Mr. Jay Jerambhai Donda for the remainder of their tenure ending 23rd September 2027.
Shareholders should note the significant Rs. 50 crore related-party transaction limit with the new US subsidiary, which signals overseas expansion in the jewelry business. The director remuneration approvals and registered office shift to Surat are administrative, while the auditor appointment is routine. The book closure period runs from 21st to 27th September 2025, so investors must hold shares before the 20th September 2025 cut-off to be eligible to vote.