Notice of 44th Annual General Meeting to be held on Monday, 18th September, 2025.
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Grandma Trading & Agencies Ltd has called its 44th AGM for Thursday, September 18, 2025 at 12:30 PM, to be held via video conferencing. The headline item is a proposed 90% reduction in share capital—from Rs. 13.06 crore to Rs. 1.306 crore—to write off accumulated losses of Rs. 11.75 crore (total accumulated losses stood at Rs. 12.99 crore as of March 31, 2025). Under the scheme, each shareholder will receive 1 equity share of Rs. 1 for every 10 shares held in a 10:1 consolidation, with promoter Bharat Bansilal Jain forgoing fractional share increases to keep the post-reduction capital intact. Other items include re-appointing Mr. Abhishek Ashar as Whole Time Director & CFO for 5 years (max Rs. 6 lakh per annum), appointing M/s. Jain Rahul & Associates as Secretarial Auditors for FY 2025-26 to FY 2029-30, and routine adoption of FY25 audited financials. The capital reduction is subject to NCLT and other regulatory approvals.
This is a significant capital restructuring—shareholders will see their share count cut to one-tenth, reflecting the company's deep accumulated losses that have nearly wiped out its share capital. While the share price may adjust mathematically post-consolidation, the underlying per-share value remains largely unchanged; the move is essentially an accounting cleanup with no cash impact on investors.