Annual Report for the year ended 31st March 2025
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Fruition Venture Limited has filed its 31st Annual Report for FY 2024-25, with the AGM scheduled for September 28, 2025 via video conferencing. The company, historically in trading, has diversified into manufacturing of plastic components for automotive, electronics, consumer goods and packaging sectors, which management describes as showing encouraging growth. The AGM notice includes proposals for several special business items: appointment of a new secretarial auditor for a 5-year term, authority to give loans of up to Rs. 2.5 crore to Mindex Fincap Private Limited, and approval for material related party transactions totaling up to Rs. 50 crore with Mindex Capital Market and other related entities. The company is also seeking approval to issue up to 25 lakh convertible warrants at Rs. 20 per warrant (face value Rs. 10, premium Rs. 10) on a preferential basis, with promoters Krishan Kumar Aggarwal and Nitin Aggarwal together subscribing to 12 lakh warrants and non-promoters to the remaining 13 lakh warrants.
For shareholders, the proposed warrant issue at Rs. 20 (above face value of Rs. 10) is potentially dilutive if all warrants are converted into equity. The large related party transactions (up to Rs. 50 crore for securities and Rs. 2.5 crore loan) require shareholder approval and indicate significant dealings with promoter-linked entities, which investors should watch closely.