Notice of Annual general Meeting of Expo Engineering and Projects Limited attached
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Expo Engineering and Projects Limited has called its 42nd AGM on Monday, September 29, 2025 at 11:30 AM, to be held via Video Conferencing. The AGM will consider adoption of audited financial statements for FY ending March 31, 2025, re-appointment of directors Mr. Murtuza Mewawala and Mr. Sajjadhussein Nathani (both retiring by rotation), and ratification of M/s. K.S. Shah & Co. as statutory auditors. A key special business item seeks shareholder approval to re-appoint Mr. Hasanain S. Mewawala as Managing Director for another 5-year term (August 7, 2025 to August 6, 2030), with a salary of Rs. 2.5 lakh per month plus perquisites capped at Rs. 30 lakh per annum — a significant hike from the previous Rs. 12 lakh total. The AGM also proposes appointing M/s ND & Associates as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30). Remote e-voting is open from September 26 to September 28, 2025, with September 22, 2025 as the cut-off date.
Shareholders should note the substantial increase in MD remuneration (from Rs. 12 lakh to up to Rs. 30 lakh) and the continuation of the Mewawala family in key leadership roles — both items warrant attention. Routine approvals (accounts, auditor ratification, director re-appointments) are unlikely to materially affect the stock.