This is to inform you about that the 31st Annual General Meeting ('AGM') of M/s. Vuenow Infratech Limited (the 'Company') is scheduled to be held on Tuesday, September 29, 2025, at 03:30 ....
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Vuenow Infratech Limited has called its 31st AGM on September 29, 2025, at 3:30 PM via video conferencing, along with its FY25 annual report. Ordinary business includes adopting FY25 audited financials, re-appointing Managing Director Rahul Bhargav (retiring by rotation), and appointing M/s NYS and Company as statutory auditors for a 5-year term. Key special business items seek shareholder approval to: expand the company's object clause to include investment, real estate, infrastructure, and bullion trading businesses; raise the borrowing limit to ₹500 crore; permit loans/guarantees/investments up to ₹500 crore under Section 186; and create charges on assets up to ₹500 crore. The company also proposes to increase authorized share capital from ₹25 crore to ₹75 crore and issue up to 59,99,736 equity shares at ₹87.11 each (total ~₹52.26 crore) on a preferential, non-cash basis to acquire shares of Mahakal Devcon Limited via a 50:17 swap ratio. Two independent directors, Mr. Chahan Vinod Vora and Ms. Deepti Sharma, are also up for regularization for 5-year terms.
The resolutions signal a significant strategic shift toward diversification into investment, real estate, infrastructure, and bullion businesses, coupled with a share-swap acquisition that will issue new equity (about 20.55% dilution to non-promoters) and triple the authorized capital. The ₹500 crore borrowing/loan/investment limits give the board wide financial flexibility. Shareholders should watch for dilution effects and the long-term value creation from the proposed Mahakal Devcon acquisition and new business lines.