Notice convening the 78th Annual General Meeting of the Company in terms with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015.
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Hindusthan Udyog Ltd has called its 78th AGM for Friday, 26 September 2025 at 10:00 AM at its registered office in Kolkata. Shareholders will vote on adopting the audited financial statements for FY25, where total revenue fell sharply to Rs 1,316.49 lakhs (from Rs 2,095.46 lakhs last year) and profit after tax dropped to Rs 653.38 lakhs (from Rs 1,136.74 lakhs). The notice also seeks approval to reappoint three directors: Mr V.N. Agarwal (a 86-year-old Non-Executive Director, needing a special resolution under SEBI rules), Mr G.K. Agarwal as Executive Director for two years at Rs 3 lakh per month, and Mr B.K. Mawandia as Independent Director for another five-year term. Additionally, M/s Vidhya Baid & Co. is being appointed as Secretarial Auditor for five years (FY26 to FY30). Remote e-voting via NSDL runs from 23 to 25 September 2025, with the cut-off date set as 19 September 2025.
This is a routine AGM with no major corporate actions like fundraising, M&A, or dividend changes, so short-term stock impact is likely limited. However, investors should note the sharp year-on-year decline in revenue and profits shown in the FY25 financials presented for approval. The reappointment of a 86-year-old director requires a special resolution, which is a governance point to watch.