Notice of 7th AGM to be scheduled on Friday, 26th September, 2025, at 12.00 PM (IST) at Registered Office of the company.
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H.M. Electro Mech Ltd has called its 7th AGM on Friday, 26th September 2025 at 12:00 PM at its registered office in Ahmedabad. The agenda includes adoption of FY25 audited financial statements, re-appointment of Managing Director Dipak Padmakant Pandya and Whole Time Director Mita Dipak Pandya (both retiring by rotation). Special business includes regularization of Riya Vipulbhai Kanani as Independent Director for 5 years, redesignation of Harshal Mahendra Patel from Non-Executive to Whole Time Director for 3 years, and appointment of Kinkhabwala & Associates as Secretarial Auditor for FY26–FY30. The company is also seeking shareholder approval to raise its borrowing limit under Section 180 to ₹300 crore and to make loans/investments/give guarantees up to ₹300 crore under Section 186. Disclosed FY25 financials show revenue from operations of Rs. 121.67 crore (up from Rs. 117.03 crore in FY24) and profit after tax of Rs. 8.35 crore (up from Rs. 8.01 crore).
Most agenda items are routine (director re-appointments, financial adoption, auditor appointment). The key items to watch are the borrowing power hike to ₹300 crore and the Section 186 investment/loan ceiling of ₹300 crore — both significantly larger than the company's current revenue base of ~Rs. 122 crore, signalling potential for future debt-funded expansion or strategic investments. Redesignation of Harshal Patel as Whole Time Director with up to Rs. 6 lakh/month salary formalises a family member's executive role.