Intimation of Annual General Meeting to be held on 27th September, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Franklin Industries Limited has filed the notice for its 43rd Annual General Meeting to be held on Saturday, 27th September 2025 at 2:30 PM through video conferencing (VC/OAVM). The meeting will cover ordinary business such as adoption of audited financial statements for FY2024-25, re-appointment of Non-Executive Director Mr. Ashishkumar Jayantilal Kapadiya (DIN: 10212557) who retires by rotation, and appointment of M/s. S S R V & Associates as Statutory Auditor for a 4-year term (FY 2025-26 to 2028-29). Special business includes appointing M/s. Dhruvi Patel & Associates as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30). Shareholders will also be asked to approve, via special resolutions, a borrowing limit of up to Rs. 500 Crores under Section 180(1)(c), power to sell/lease/Dispose of the company's undertakings under Section 180(1)(a), authority for loans/investments up to Rs. 500 Crores under Section 186, and loans to directors or entities connected to directors up to Rs. 500 Crores under Section 185. The remote e-voting window opens on 24th September 2025 and closes on 26th September 2025, with the cut-off date for voting eligibility set as 20th September 2025.
The Rs. 500 Crore borrowing and investment limits being sought are materially large relative to typical small-cap operations and suggest the company is preparing for significant debt-funded expansion, acquisitions, or strategic investments. Shareholders should note the Section 185 resolution (loans to directors or director-connected entities up to Rs. 500 Crores), which is a related-party matter requiring careful evaluation. The diverse special resolutions point to an active growth or restructuring phase ahead.