We Attach herewith Annual Report 2024-2025
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Him Teknoforge Ltd has submitted its 54th Annual Report for FY 2024-2025 to BSE, along with the notice for its 54th Annual General Meeting scheduled for August 27, 2025. The AGM agenda includes adoption of audited financial statements, declaration of dividend, and re-appointment of Mr. Vijay Aggarwal as Managing Director and Mr. Rajiv Aggarwal as Joint Managing Director, each for three-year terms, with remuneration capped at Rs. 15 lakh per month plus up to 2.5% commission on net profits. Shareholder approval is being sought for material related party transactions with Globe Precision Industries Pvt. Ltd. up to Rs. 13,000 lakhs (around 32% of consolidated turnover of Rs. 40,297.79 lakhs), and to raise the borrowing limit to Rs. 300 crores over and above paid-up capital and free reserves. Remuneration approval is also sought for two promoter-group relatives — Aditya Aggarwal (VP Finance & Strategy) and Manan Aggarwal (VP Marketing) — in the range of Rs. 2.5 lakh to Rs. 4 lakh per month. The record date for dividend eligibility is August 20, 2025, with book closure from August 21 to 27, 2025.
This is a routine regulatory filing, but shareholders should note the substantial related party transaction limit (Rs. 130 crores) and the Rs. 300 crore borrowing cap being sought, which signal potential expansion or capital needs. Approval of remuneration for promoter family members is a standard related-party governance matter that minority shareholders typically vote on. The dividend declaration and board continuity items are positive for stability.