Announced Tue, 2 Sept · 14:55 IST

Kindly take on your record the enclosed Notice of the 47th AGM of the Company dtd 25th September, 2025.

Board & Shareholder Meetings View source PDF

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AI summary

Garware Marine Industries has issued notice for its 47th AGM on Thursday, 25 September 2025 at 11:30 AM, to be held via video conferencing (VC/OAVM) with the registered office in Mumbai as the deemed venue. Ordinary business includes adopting the audited financial statements for FY ending 31 March 2025 and re-appointing Mrs. Shefali S. Bajaj (DIN: 00149511), who retires by rotation. Special business includes appointing Mr. Rajkumar R. Tiwari (Practicing Company Secretary) as Secretarial Auditor for a five-year term covering FY 2025-26 to FY 2029-30, with proposed remuneration of Rs. 40,000 plus taxes for FY 2025-26, and appointing Mr. Amir J. Pradhan (DIN: 00308468) as Non-Executive Independent Director for five years from 12 August 2025 to 11 August 2030. E-voting will be facilitated by CDSL with a cut-off date of 18 September 2025; remote e-voting runs from 22 September (10:00 AM) to 24 September (5:00 PM).

Likely market impact

This is a routine AGM notice with standard items—financial adoption, a director re-appointment, and confirmation of an auditor and new independent director. No material corporate action, fundraising, dividend, or restructuring is proposed, so shareholders should expect a neutral-to-slightly-positive governance impact due to board strengthening through an additional independent director.