Enclosed Annual Report for the financial year 2024 - 25 alongwith Notice of 39th AGM
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The First Custodian Fund (India) Limited has submitted its 39th Annual Report for FY 2024-25 along with the AGM notice. The 39th AGM is scheduled for Thursday, 25th September 2025 at 4:00 PM via video conferencing. Key business items include adopting audited financial statements, declaring a 10% dividend (Re. 1 per equity share), and re-appointing directors. The Board seeks approval to re-appoint Mr. Manish Banthia as Whole Time Director & CFO (3-year term from September 1, 2025) and Mr. Giriraj Damani as Managing Director (3-year term from July 13, 2025) with remuneration capped at Rs. 80,000 per month. The record date for dividend eligibility is September 18, 2025. Provisions for minimum remuneration under Schedule V are included in case of inadequacy of profits.
Routine annual filing — shareholders get a Re. 1 per share dividend (10% on equity) with a record date of September 18, 2025. Director re-appointments are largely procedural, though note that MD remuneration is modest (Rs. 80,000/month) and minimum remuneration clauses suggest the company has flexibility if profits fall short. No material financial surprises are flagged in this excerpt.