The proceeding of 18th AGM of the Company is attached herewith.
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Focus Business Solution Limited held its 18th AGM on July 14, 2025, at its registered office in Surat, Gujarat, from 4:05 PM to 4:30 PM. Eight resolutions were transacted, including adoption of audited financial statements for FY ended March 31, 2025, and the reappointment of Mr. Mohamedamin Mohammad Nathani, who retired by rotation. The meeting approved the issuance of bonus shares through an ordinary resolution, along with five special resolutions covering revision of remuneration for both executive directors, an increase in borrowing limits under Section 180(1)(c), enhanced powers to mortgage or dispose of company assets under Section 180(1)(a), and higher limits for investments, loans, and guarantees under Section 186. The Chairman, Mr. Mohamedyaseen Muhammadbhai Nathani, addressed shareholders after the business was transacted. Detailed voting results will be filed with the exchange and posted on the company website shortly.
The bonus share issuance is a positive signal for existing shareholders, potentially increasing liquidity and shareholding attractiveness. The approved increase in borrowing and investment limits suggests the company is gearing up for expansion or larger financial activities, which could support growth but also raises the debt exposure to watch. Remuneration hikes for the promoter-directors are a governance point to monitor.