The Annual Report for the Financial year ended March 31, 2025, along with the notice of the 63rd AGM which is scheduled to be held on Thursday, June 26, 2025 through video conferencing/ ....
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FGP Limited has filed the notice for its 63rd Annual General Meeting scheduled for Thursday, June 26, 2025 at 11:00 a.m. IST, to be held via video conferencing in line with MCA and SEBI guidelines. The Annual Report for FY 2024-25 is being sent electronically to members whose email IDs are registered with the company or its registrar Bigshare Services. Key items at the AGM include adoption of audited FY25 financial statements, re-appointment of Mr. Paras Mal Rakhecha as director, appointment of M/s. Parikh Parekh & Associates as Secretarial Auditors for five years (FY26 to FY30) at Rs. 1,00,000 per annum, and shareholder approval for remuneration paid to Mr. Dilip Mahadik (Manager, Rs. 2.18 lakh), Ms. Sapana Dubey (CFO, Rs. 5.21 lakh), and Mr. Avi Mundecha (Company Secretary) as material related party transactions.
This is primarily a procedural AGM notice and should not have a direct material impact on the stock price. Shareholders need to note the e-voting window (June 23-25, 2025) and cut-off date (June 19, 2025) to vote on the proposed resolutions. Related party remuneration approvals are routine but signal that KMP compensation is now treated as a material related party transaction, which may draw shareholder scrutiny.