Outcome of Board Meeting held on 17th July, 2025.
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The board held its meeting on 17th July 2025 and approved several routine items. It fixed the Annual General Meeting for 21st August 2025 to consider FY2024-25 results and approved the draft Director's Report. The board recommended the regularization of Ms. Avani Vishnubhai Patel as a Director (she was earlier appointed as Additional Director on 26th May 2025), subject to shareholder approval. It also proposed selling its factory at Chhatral, Gandhinagar, and investing Rs. 10 crore in mutual funds, both subject to AGM approval. Additionally, M/s. KVM & Co. was appointed as Cost Auditor for FY2025-26, and Mr. Pinakin Shah was named as Scrutinizer for the e-voting process.
The proposed factory sale and Rs. 10 crore mutual fund investment could change the company's operational footprint and cash allocation, which shareholders should watch closely. The director regularization is a routine governance step, while the cost auditor appointment is a standard annual compliance requirement with no material impact on share price.