Notice of 15th AGM to be held on 25th September 2025 at 9:45 A.M. through Video Conferencing (VC) and Other Audio Visual Means (OAVM)
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Growington Ventures India Ltd has notified BSE that its 15th AGM will be held on Thursday, 25th September 2025 at 9:45 A.M. through VC/OAVM. The meeting will seek shareholder approval to (1) adopt audited standalone and consolidated financial statements for FY ended March 31, 2025, (2) re-appoint Mr. Vikram Bajaj (Non-Executive Director, holding ~2.48 crore shares) who retires by rotation, and (3) appoint M/s. Santosh Singh & Associates as Secretarial Auditor for a 5-year term from FY 2025-26 to FY 2029-30. The annual report highlights strong FY24-25 results, with standalone revenue doubling to Rs. 6,108.58 lakhs (+101.32%) and PAT rising 40.08% to Rs. 245.85 lakhs; consolidated PAT surged 116.93% to Rs. 247.71 lakhs. The Board has not recommended any dividend to fund future expansion, and a rights issue has received prior BSE approval.
Routine AGM with re-appointment of an existing director and a new secretarial auditor appointment, which are non-material for shareholders. However, the strong FY25 results (revenue doubled, PAT up 40-117%) and the recently approved rights issue could be positive signals for the stock, while the skipped dividend reflects the company's reinvestment phase.