Notice of 18th AGM of the Company to be held on 14.07.2025 is attached herewith.
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Focus Business Solution Limited has sent notice of its 18th AGM scheduled for Monday, July 14, 2025 at 4:00 PM at its registered office in Surat, with the record date set as July 7, 2025. Key resolutions include approval of FY25 audited financials, re-appointment of Mr. Mohamedamin Mohammad Nathani as a director (retiring by rotation), and issue of bonus shares in the ratio of 29 equity shares for every 50 held, by capitalising up to Rs. 2,67,22,311 from free reserves and/or securities premium. The company is also seeking shareholder approval to revise remuneration of Chairman & MD Mr. Mohamedyaseen Muhammadbhai Nathani and Whole-time Director Mr. Mohamedamin Mohammad Nathani from Rs. 48 lakh p.a. each to Rs. 60 lakh p.a. w.e.f. April 1, 2025. Additionally, the company proposes to raise borrowing limits and powers to mortgage/create charges on assets, and limits for investments, loans and guarantees, all up to Rs. 100 crore each under Sections 180 and 186 of the Companies Act, 2013.
The bonus issue (29:50 ratio) is a shareholder-friendly move that increases share count without changing company value, often seen as a confidence signal by management. The proposed sharp 25% hike in promoter-directors' remuneration and the significant expansion of borrowing and investment powers (up to Rs. 100 crore) may draw shareholder attention but could be positive if used for growth.