Notice of 43rd Annual General Meeting of the Members of the Company.
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Galaxy Cloud Kitchens Limited (BSE: 506186) has issued the notice for its 43rd Annual General Meeting to be held on Tuesday, September 30, 2025 at 02:00 PM IST via Video Conference (VC/OAVM). Ordinary business includes adoption of audited financial statements for FY ended March 31, 2025 and re-appointment of Mr. Sunil Samal (DIN: 10468907) as director, who retires by rotation. Special business seeks shareholder approval for Material Related Party Transactions with 11 group-related entities (including Nilgiri Dairy Farm, Nilgiri's Mechanised Bakery, Nilgiris Franchise, Integrated Food Park, Aadhaar Wholesale, and others), with proposed limits of up to ₹10 crore each for most parties and ₹50 crore for Aadhaar Wholesale, covering FY 2025-26 and April–September 2026. The notice also seeks approval to appoint Ms. Nidhi Bajaj (Nidhi Bajaj & Associates) as Secretarial Auditor for five consecutive years until the 48th AGM. Remote e-voting via NSDL runs from September 25, 2025 (9:00 AM) to September 29, 2025 (5:00 PM), with cut-off date of September 23, 2025.
Shareholders should review the proposed related party transactions closely — approval limits of ₹50 crore for Aadhaar Wholesale and ₹10 crore each for 10 other related parties translate to roughly 306% and 61% of the company's FY 2024-25 turnover, indicating a small turnover base and meaningful intra-group dealings that warrant scrutiny. Voting eligibility is based on holdings as of cut-off date September 23, 2025; remote e-voting through NSDL is the only mechanism since the AGM is virtual.