Geekay Wires Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 26, 2025
GEEKAYWIRE · price
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Geekay Wires Limited has issued the notice for its 36th Annual General Meeting scheduled for Friday, September 26, 2025 at 4:00 PM IST, to be conducted through Video Conference (VC)/OAVM. Shareholders will consider adoption of audited financial statements for FY 2024-25, declaration of a final dividend, and re-appointment of Mr. Ashish Kandoi as Director (retiring by rotation). Key special business items include ratification of Cost Auditors' remuneration, appointment of Kashinath Sahu & Co. as Secretarial Auditors for five years (FY 2025-26 to 2029-30), and approval of material related party transactions with Geekay Wires Limited (USA). Importantly, shareholders will also vote on sub-dividing (splitting) each equity share of face value Rs. 2 into two equity shares of face value Rs. 1 each, with corresponding alteration of the Capital Clause in the Memorandum of Association. The authorized share capital of Rs. 10.60 crores will be reclassified from 5.30 crore shares of Rs. 2 each to 10.60 crore shares of Rs. 1 each.
The stock split from Rs. 2 to Rs. 1 face value improves share liquidity and affordability for retail investors without changing overall market capitalization, while the proposed final dividend provides direct income to shareholders. Approval of related party transactions with the USA subsidiary enables continued business operations, but shareholders should review the terms carefully. The e-voting window runs from September 23-25, 2025 with cut-off date of September 19, 2025.