Dear Sir, Please find enclosed herewith Annual Report for the year 2024-25 and Notice convening 36th AGM as required under Regulation 34 of SEBI (LODR) Regulations, 2015
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Elango Industries Ltd has submitted its Annual Report for FY 2024-25 along with the Notice for its 36th Annual General Meeting, to be held on Monday, September 29, 2025 at 11:30 am through video conferencing. The AGM agenda includes adoption of FY25 financial statements, re-appointment of statutory auditors P. Pattabiramen & Co for a second 5-year term, and re-appointment of Mr. S. Elangovan as Managing Director for five years without any remuneration or perquisites. The Notice also seeks shareholder approval for appointing two new Independent Directors (Mrs. Ashitha K and Mr. G. Maheswara Reddy) and a new Secretarial Auditor (S. Ganesan) for five-year terms. Additionally, shareholders will be asked to ratify related party transactions of Rs. 3.17 crore with Kaveri Gas Power Pvt Ltd for FY25 and approve further related party transactions with group companies (Cauvery Power Trading, Cauvery Solar Power, Kaveri Gas Power, and others) for FY26 and FY27, totaling several crores.
This is largely a procedural regulatory filing combining the annual report with AGM notice, so no immediate stock price impact is expected. However, shareholders should note the significant related party transactions with promoter-group companies, including proposed loans/advances up to Rs. 10 crore to Kaveri Gas Power in FY27, and the re-appointment of the promoter Managing Director without remuneration.