Notice of 28th Annual general Meeting to be held on Thursday, 28th August 2025, at 3.00 P.M (IST) through Video conferencing/OAVM
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E-Land Apparel Ltd has called its 28th AGM on Thursday, August 28, 2025 at 3:00 PM (IST) via video conferencing. E-voting opens on August 25 and closes on August 27, 2025, with the record date set as August 22, 2025. Key resolutions include adoption of FY25 audited financials, re-appointment of Whole-Time Director Heegu Shin (retiring by rotation), and appointment of Maggie Thomas Kajjer as Independent Director for a 5-year term (May 2025 to May 2030) via special resolution. Shareholders will also vote to appoint DSM and Associates as Secretarial Auditors for five years (FY25-30) and to approve remuneration of Rs. 22 lakhs per month for Managing Director Dong Ju Kim for the period December 13, 2025 to December 12, 2027. Additionally, the company is seeking approval for related-party transactions totaling Rs. 127.5 crore — Rs. 97.5 crore with E Land World Co Ltd and Rs. 30 crore with E-Land Global Ltd — both for sale of goods.
This is a routine AGM notice, but shareholders should note three non-routine items requiring approval: a substantial MD remuneration hike of Rs. 22 lakh/month, large related-party sales to group entities totaling Rs. 127.5 crore, and a board reshuffle with a new Independent Director replacing Elizabeth Ravi. The RPT limits and MD pay package are the items most likely to attract shareholder attention and could influence voting outcomes.