Notice of the 40th Annual General Meeting
Price
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Awaiting price reaction for this filing.
Grovy India has notified BSE about its 40th AGM scheduled for Monday, September 29, 2025 at 12:30 PM, to be held via video conferencing. Shareholders will consider adopting the audited financial statements for FY ended March 31, 2025 and approve a final dividend of Rs. 0.10 per share (1%) on 13,33,62,720 equity shares of Rs. 10 each. The notice also seeks approval to re-appoint Mr. Prakash Chand Jalan as a director liable to retire by rotation, re-appoint M/s Ajay Rattan & Co. as statutory auditor for a second 5-year term, and re-appoint Mr. Jay Nandan Jha as Non-Executive Independent Director for 5 years. Additionally, M/s APMG & Associates is proposed as secretarial auditor for FY 2025-26 to FY 2029-30 at Rs. 1,68,000 per year, and shareholders are asked to approve a Special Resolution to amend the Memorandum of Association to add new business objects covering investment, finance, leasing, consulting, IT, and manufacturing activities.
The 1% final dividend is very modest for retail investors. The MoA amendment is the most material item as it significantly broadens the company's permitted business activities, potentially paving the way for diversification or entry into financial services. Routine director and auditor re-appointments are procedural and unlikely to affect the stock price.