Proceedings of 42nd Annual Genral Meeting of the Company held on September 25th, 2025.
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Econo Trade (India) Ltd held its 42nd AGM on September 25, 2025 via video conferencing from 1:00 PM to 1:45 PM, chaired by Mr. Irfan Ahmedbhai Belim. All 10 resolutions were passed by the requisite majority. Ordinary business included adoption of audited financial statements for FY ended March 31, 2025 and appointment of Mr. Abbas Mustufa Rupawala as a non-executive non-independent director. Special business covered re-appointment of Mrs. Jyoti Sureshbhai Kantariya as independent director for a second 5-year term, appointment of M/s H S K & Co LLP as statutory auditor until the 47th AGM, and Mrs. Neha Poddar as secretarial auditor for FY 2025-2030. Shareholders also approved related party loan facilities aggregating ₹110 crore for FY 2025-26 across five related entities: Econo Broking Pvt Ltd (₹25 Cr), Econo Trading & Investment Pvt Ltd (₹25 Cr), Sai Metaltech LLP (₹20 Cr), Robert Resources Ltd (₹20 Cr), and Tradedeal Enterprises Pvt Ltd (₹20 Cr). The auditors' and secretarial auditors' reports contained no qualifications or adverse remarks.
Routine AGM with no governance red flags in audit reports, but the ₹110 crore aggregate related party loan limits for FY26 are sizeable relative to a small-cap entity and warrant shareholder attention to ensure arm's-length terms and proper disclosures. Director and auditor appointments are standard continuity items with no immediate material price impact expected.