Notice of 30th Annual General Meeting
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Gayatri Sugars Limited has notified the BSE about its 30th AGM scheduled for Friday, September 19, 2025 at 11:30 a.m. via Video Conference. Ordinary business includes adopting the audited financial statements for FY ended March 31, 2025 and re-appointing Mr. T V Sandeep Kumar Reddy (DIN: 00005573) as a Director liable to retire by rotation. Special business includes ratifying the remuneration of M/s. Narasimha Murthy & Co. as Cost Auditors at Rs. 2,00,000 per annum for FY 2025-26, and approving the continuation of Mrs. T Indira Reddy (DIN: 00009906) as Non-Executive Director via special resolution as she approaches age 75. The notice also seeks shareholder approval to reclassify Rs. 45 crore of preference share capital into equity within the existing Rs. 145 crore authorised capital, and then increase authorised capital to Rs. 165 crore by adding Rs. 20 crore of fresh equity shares. Additionally, Mrs. T Durga Pallavi is proposed to be appointed as Secretarial Auditor for a 5-year term from FY 2025-26 to FY 2029-30. The cut-off date for e-voting eligibility is September 12, 2025.
The authorised capital expansion from Rs. 145 crore to Rs. 165 crore and reclassification of preference shares into equity signals the company's preparation for potential future fundraising or stock issuance, which could lead to dilution for existing shareholders if new shares are issued. The continuation of long-tenured directors suggests management stability, while routine auditor appointments pose no material concern.