AGM notice: land sale proposal and related party approvals sought
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
56th AGM on July 16, 2026. Key items: approval to sell 2.11 acres of industrial land at Uppal, Hyderabad due to Telangana government policy (HILTP) converting industrial zones to multi-use. Material related party transactions up to Rs. 20 crores per annum with Oxeeco Technologies, Fusion Lastek Technologies, and MD Sreedhar Chowdhury. Authorisation for loans and investments up to Rs. 50 crores under Sections 185 and 186. Revenue declined to Rs. 36.78 lakhs; loss after tax Rs. 40.98 lakhs; negative net worth of Rs. 0.78 crores. Re-appointment of Dr. B. Neeta Kumari as director.
Land sale may unlock liquidity, but firm is loss-making with negative net worth; large related party deals raise governance attention for shareholders.