As per annexure attached
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Ind Agiv Commerce Ltd has notified that its 39th Annual General Meeting will be held on Monday, 11th August 2025 at 1:00 PM via video conferencing. The Register of Members and Share Transfer Books will remain closed from 4th to 11th August 2025, with the cut-off date for voting eligibility set as 4th August 2025. The Annual Report for FY2024-25 has been dispatched electronically, showing a reduced net loss of Rs. 1.84 crore vs Rs. 3.12 crore last year, on revenue that fell sharply to Rs. 353 lakhs from Rs. 822 lakhs. The AGM notice includes key resolutions: ratification of a delayed preferential allotment of 30 lakh equity shares at Rs. 29 each (totalling Rs. 8.70 crore, partly via loan conversion from promoters), re-appointment of a director, appointment of a new secretarial auditor for 5 years, increase in borrowing limits to Rs. 100 crore, and authorisation for loans/investments up to Rs. 100 crore. The company's net worth remains negative at Rs. (627) lakhs with a debt-equity ratio of 19.3:1.
Shareholders should note the AGM includes a potentially dilutive preferential allotment ratification (30 lakh new shares) at Rs. 29 each with promoter-related loan conversions. Persistent losses, negative net worth, and high leverage signal financial stress; existing shareholders may face further dilution. Voting rights on these resolutions are important — investors should review the full notice before the 4th August cut-off date.