15th Annual General Meeting to be held on September 25, 2025
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Awaiting price reaction for this filing.
Gita Renewable Energy Limited has called its 15th AGM on Thursday, September 25, 2025 at 4:00 PM via Video Conferencing. Book closure runs from September 19-25, 2025 with cut-off date of September 18, 2025 and remote e-voting from September 22-24, 2025. Key agenda items include adoption of FY25 financial statements, re-appointment of Mrs. Saraswathi as Director (retiring by rotation), change of Statutory Auditor from S.K. Gulecha & Associates to M/s. Aayush Bohra & Co for a 5-year term, appointment of M.K. Madhavan & Associates as Secretarial Auditors for 5 years (FY26-FY30), and re-appointment of Mr. R Natarajan as Managing Director for 5 years (April 2025-March 2030) including continuation beyond age 70. Financial performance for FY25 was weak on a standalone basis — revenue from operations fell to ₹5.60 lakhs from ₹8.40 lakhs, total income dropped sharply to ₹17.05 lakhs from ₹87.64 lakhs, and the company swung to a loss after tax of ₹39.27 lakhs versus a profit of ₹26.35 lakhs in FY24.
Shareholders should note the auditor change, MD re-appointment, and weak FY25 results showing a swing to loss. The outcome of the voting on the auditor appointment and MD continuation (which requires a special resolution) will be key items to watch; weak financials and loss-making position may raise concerns about future operational performance.