Notice of 35th Annual General Meeting - AGM on 25th September 2025 - As per attachment
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Glittek Granites Ltd has scheduled its 35th Annual General Meeting on Thursday, 25th September 2025 at 11:30 AM via Video Conferencing. The company reported a strong turnaround in FY25 with revenue from operations jumping 471.72% to Rs. 3,329.91 lakhs from Rs. 705.90 lakhs in FY24, and a net profit of Rs. 685.86 lakhs compared to a loss of Rs. 614.41 lakhs in the previous year. No dividend has been recommended due to insufficient accumulated profits. Key agenda items include adoption of financial statements, re-appointment of Managing Director Mr. Tushar Agarwal (who holds 4.63% stake), ratification of statutory auditor M/s GRV & PK's remuneration of Rs. 1,45,000 plus GST for FY 2025-26, and appointment of Kriti Daga as Secretarial Auditor for five years. The book closure period runs from 19th to 25th September 2025, with remote e-voting open from 22nd to 24th September 2025.
The AGM notice confirms a major business turnaround for shareholders, with the company swinging from a significant loss to profitability in FY25. However, the absence of dividend means shareholders won't receive immediate cash returns despite improved earnings. The re-appointment of promoter-family director and approval of auditor appointments are routine governance matters unlikely to materially affect the stock price.