Submitting notice of 2nd Annual General Meeting to be held on 01.09.2025
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Awaiting price reaction for this filing.
Emmforce Autotech has called its 2nd AGM for 1st September 2025 at 11:30 AM via video conferencing, with the registered office in Panchkula, Haryana as the deemed venue. Shareholders will consider adopting the FY25 audited financial statements and reappoint Mr. Azeez Mehta, who retires by rotation, as a director. A special resolution seeks to appoint Mr. Kanwaljit Singh as Secretarial Auditor for five years (FY26 to FY30) at a proposed remuneration of Rs. 1.5 lakh per year plus taxes. Another special resolution seeks shareholder approval to extend an unsecured loan of up to Rs. 30 crores to its wholly-owned subsidiary Emmforce Mobility Solutions Pvt Ltd, in addition to the Rs. 20 crores limit already approved earlier, bringing the total potential exposure to Rs. 30 crores at a rate not below prevailing bank rates.
Routine items (financials adoption and director reappointment) are unlikely to move the stock. The Rs. 30 crore inter-corporate loan to the subsidiary is a related-party transaction since promoters Ashok Mehta and Neetu Mehta hold 100% of the borrower, so shareholders should review the purpose and terms. Approval by members is required for the loan and the 5-year secretarial auditor appointment.