Notice of 41st Annual General Meeting
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Gratex Industries Ltd has issued the notice for its 41st Annual General Meeting to be held on Tuesday, 16th September 2025 at 1:00 PM via video conferencing. The meeting will cover three items: adopting the audited financial statements for FY ending 31st March 2025, re-appointing Mr. Baldevkrishan Ramratan Sharma as a director retiring by rotation, and a special resolution to re-appoint Mr. Karan Baldevkrishan Sharma as Managing Director for three years starting 30th July 2026. Key financials for FY 2024-25 show total income of Rs. 3.75 crore and a modest net profit of Rs. 7.14 lakh, indicating the company is still in a growth phase with low profitability. The proposed MD remuneration is up to Rs. 12 lakh per annum, raised from Rs. 7.03 lakh drawn in FY 2024-25. Remote e-voting will be open from 13th to 15th September 2025, with the cut-off date set as 9th September 2025.
This is a routine AGM notice with no major surprises. Shareholders should note the book closure from 10th to 16th September 2025 and the remote e-voting window. The re-appointment of the Managing Director is a special resolution, requiring wider shareholder approval, and signals leadership continuity. The thin profit margins suggest investors should watch for the company's growth trajectory before expecting significant returns.