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Econo Trade (India) Ltd has issued the notice for its 42nd Annual General Meeting to be held on September 25, 2025 at 1:00 PM via video conferencing. Shareholders will vote on adopting the FY25 audited financial statements, re-appointing Mr. Abbas Mustufa Rupawala (director retiring by rotation) and Mrs. Jyoti Sureshbhai Kantariya (independent director, second 5-year term from April 2025 to March 2030). The AGM also seeks approval to appoint Mrs. Neha Poddar as secretarial auditor for 5 years (FY26–FY30) and to re-appoint M/s H S K & Co LLP as statutory auditors until the 47th AGM. The largest agenda items are five separate special resolutions for material related party loan facilities aggregating up to ₹110 crore for FY26 — ₹25 crore each to Econo Broking Pvt Ltd and Econo Trading & Investment Pvt Ltd, and ₹20 crore each to Sai Metaltech LLP, Robert Resources Ltd, and Tradedeal Enterprises Pvt Ltd. Remote e-voting runs from September 22–24, 2025 with cut-off date of September 18, 2025.
This is a routine AGM notice, but retail investors should pay close attention to the ₹110 crore aggregate related-party loan approvals, which indicate the company functions as a lender to group entities — shareholders should review whether these loans are at arm's length, carry adequate security/interest, and are being used prudently rather than to prop up related parties.