Pursuant to Regulation 30 and 34(1)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith ....
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Glen Industries Ltd has sent out the notice for its 18th Annual General Meeting scheduled for September 22, 2025 at 12:00 PM via video conferencing, along with the Annual Report for FY 2024-25. The company reported strong growth, with consolidated revenue rising to Rs. 170.66 crore (from Rs. 144.58 crore last year) and consolidated net profit more than doubling to Rs. 18.22 crore (from Rs. 8.52 crore). The AGM will consider several resolutions: adopting audited financials, re-appointing Mr. Lalit Agrawal as a director (retiring by rotation), appointing M/s S N Guha & Co. as Joint Statutory Auditor for five years, changing Mr. Lalit Agrawal's designation from Director to Whole-time Director, and appointing M/s M & A Associates as Secretarial Auditor for five years at Rs. 75,000 per annum. Mr. Lalit Agrawal, who holds 87.26 lakh shares, also seeks an increase in remuneration from Rs. 36 lakhs to up to Rs. 60 lakhs.
For shareholders, the strong profit growth (more than doubling) is a positive signal, though EPS appears lower likely due to share expansion. The management changes, including Mr. Lalit Agrawal's elevation to Whole-time Director with a higher pay ceiling and the appointment of new auditors, are routine governance items but reflect continuity in promoter-led management.