36th Annual General Meeting of Company is scheduled to be held on Tuesday, 5th August, 2025 at 11.00 a.m. through VC/OAVM (attached AGM Notice)
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Gujarat Poly Electronics Limited has notified BSE that its 36th Annual General Meeting will be held on Tuesday, 5th August 2025 at 11:00 a.m. through Video Conferencing. Shareholders will consider adoption of audited financial statements for FY ended 31st March 2025 and re-appointment of Mr. P.T. Kilachand (DIN: 00005516) as director, who retires by rotation. The company also seeks approval to appoint M/s. G.M. Kapadia & Co as new Statutory Auditors for a five-year term (till the 41st AGM in 2030), replacing M/s. Mahendra N. Shah & Co who complete their two consecutive terms; the proposed audit fee for FY 2025-26 is Rs. 4.50 lakh. Additionally, Mr. Tushar Shridharani is proposed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) at a fee of Rs. 1.35 lakh for FY 2025-26, and shareholders' approval is sought to pay commission of up to 1% of net profits to non-executive directors for FY 2025-26, 2026-27 and 2027-28. Remote e-voting will run from 1st August to 4th August 2025, with the cut-off date being 29th July 2025.
This is a routine AGM notice covering standard items including a mandatory statutory auditor rotation after two terms and a director's rotational re-appointment; the proposed commission of up to 1% of net profits to non-executive directors is contingent on profitability and signals the board's expectation of sustained earnings. No major corporate action or capital event is involved, so the stock price impact is expected to be neutral.