Notice of Annual General Meeting to be held on 09th September 2025
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Awaiting price reaction for this filing.
Harshdeep Hortico Limited has notified its 03rd Annual General Meeting scheduled for Tuesday, September 09, 2025 at 03:00 PM at Hotel Tiptop Plaza, Thane West, Mumbai, along with the Annual Report for FY 2024-25. Six resolutions will be taken up: adoption of audited financial statements, reappointment of Non-Executive Director Dipti Hitesh Shah (wife of MD) via retirement by rotation, appointment of M/s Kailash Chand Jain & Co. as statutory auditors for a 5-year term (FY26-FY30) at Rs. 3.25 lakh per annum, and appointment of M/s Dilip Swarnkar & Associates as secretarial auditors for 5 years (FY26-FY30). Two special resolutions seek shareholder approval to raise the overall managerial remuneration ceiling from 11% to 20% of net profits, and to revise MD Hitesh Chunilal Shah's remuneration to include a salary of up to Rs. 1.80 crore per annum plus commission of up to 2% of net profits for FY 2025-26. Remote e-voting via NSDL opens September 6 and closes September 8, 2025, with cut-off date September 2, 2025.
Shareholders should review the MD's salary revision (up to Rs. 1.80 crore plus 2% commission) and the expanded 11% to 20% managerial remuneration limit, as both require special resolution approval. The resolutions are largely procedural and governance-related, with no major operational or financial disclosures beyond routine auditor and director appointments, so the stock price impact is expected to be minimal.