We hereby inform that the 35th AGM og the company will be held on Sunday,28-09-2025 via VC/OAVM.
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Triton Corp Limited has called its 35th AGM on Sunday, 28 September 2025 at 11:30 a.m. via video conferencing. Ordinary business includes adoption of FY25 audited financial statements, reappointment of Director Meena Rastogi (DIN: 01572002) by rotation, and appointment of M/s. Krishan Rakesh & Co. as statutory auditors for a 5-year term (2025–2030). Key special business items include a rights issue of 1,66,66,666 equity shares (face value ₹1, aggregating ₹1 crore) at a 20:1 ratio, a preferential issue of up to 1,66,66,666 warrants to 5 named entities (₹1 crore), change of company name to HOMRE Limited, alteration of the object clause to enter renewable energy (solar, wind, biomass, etc.), approval for sweat equity of up to 2 crore shares, and adoption of an ESOP scheme. Several board changes are also proposed, including regularization of new directors, appointment of an Executive Director, and change in designation of Mr. Bharat Singh Bisht to Whole-time Director.
Shareholders should review these resolutions carefully as they include significant dilution events (rights issue, preferential warrants, sweat equity, and ESOP), a proposed rebrand to HOMRE Limited, and a strategic shift into the renewable energy sector. The 20:1 rights issue ratio is highly dilutive, though priced at face value (₹1), and the preferential issue is being allotted to specific named entities. Voting will be via NSDL remote e-voting between 25–27 September 2025, with cut-off date of 21 September 2025.