The 40th AGM of the company is scheduled to be held on September 03, 2025. The Annual Report along with Notice is enclosed herewith.
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Enbee Trade & Finance Ltd, a BSE-listed, RBI-registered NBFC, has scheduled its 40th AGM for September 3, 2025 at 12:30 PM at its registered office in Lower Parel, Mumbai. Key agenda items include adoption of FY24-25 audited financials, re-appointment of Mrs. Ssamta Gaala as Whole-time Director (retiring by rotation), and appointment of Mr. Hiren Gor as Non-Executive Independent Director for a 5-year term. A major proposal seeks to triple the authorised share capital from Rs. 60 crore to Rs. 180 crore (180 crore equity shares of Re. 1 each), suggesting upcoming fundraising plans. The company is also seeking approval to replace statutory auditor M/s Ambavat Jain & Associates LLP with M/s HPVS & Associates, and to ratify/approve related party transactions with promoter group entity Narendra Gala HUF of up to Rs. 25 crore per annum. As per the Chairman's message, FY24-25 net profit surged over 100% year-on-year, with more than 70% of revenue coming from repeat clients.
The 3x jump in authorised share capital is a strong signal of potential equity fundraising ahead, which could dilute existing shareholders. The 100%+ net profit growth is a positive performance indicator, but shareholders should carefully evaluate the recurring related party transactions with the promoter group, which exceeded materiality thresholds and require ratification.