We herewith submit the Notice of 32nd Annual General Meeting scheduled to be held on Thursday, September 25, 2025 through VC/OAVM.
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Eastern Treads Limited has notified its 32nd Annual General Meeting to be held on Thursday, September 25, 2025 at 11:00 AM IST via Video Conferencing, with CDSL as the e-voting partner. The cut-off date for voting eligibility is September 19, 2025, and remote e-voting runs from September 22-24, 2025. Ordinary business includes adopting FY2024-25 audited financial statements and reappointing Mr. Navas Meeran (DIN: 00128692), who retires by rotation. Special business proposes the appointment of Dr. Siby Varghese (DIN: 11240695), a polymer chemistry expert with 36 years of rubber industry experience, as Independent Director for 5 years (till August 2030). It also seeks approval to appoint Mr. Devarajan Krishnan (DIN: 11240487), currently CFO and CEO, as Whole Time Director for 3 years (till August 2028). Additionally, shareholders' approval is sought for two related party transactions — with Group Meeran Private Limited and Eastea Chai Private Limited — each capped at Rs. 10 crores per financial year for 5 years starting FY25-26.
The AGM includes two related party transactions (Rs. 10 crore each, annually for 5 years) that long-term shareholders should review closely given potential promoter-affiliate involvement. Board restructuring brings in a domain expert (Dr. Siby Varghese) and elevates the sitting CFO/CEO to Whole Time Director, which could signal continuity in management but warrants a look at his proposed remuneration terms in the full notice.