As per Annexure Attached
Price
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Awaiting price reaction for this filing.
Ind-Agiv Commerce Limited has notified the 39th Annual General Meeting to be held on Monday, 11th August 2025 at 1:00 PM via video conferencing. The register of members will be closed from 4th August to 11th August 2025, with 4th August as the cut-off date for e-voting eligibility. E-voting will be open from 8th August (9:00 AM) to 10th August (5:00 PM). Key resolutions include adoption of FY25 financial statements, reappointment of Chairman Vashdev Rupani, appointment of new Secretarial Auditor for 5 years, ratification of a delayed preferential allotment of 30 lakh equity shares at Rs. 29 each to promoters and non-promoters (total ~Rs. 8.70 crore), raising the borrowing limit to Rs. 100 crore, and enabling sale or mortgage of company assets. The company reported a reduced loss of Rs. 184 lakhs in FY25 vs Rs. 312 lakhs in FY24, but revenue fell sharply from Rs. 822 lakhs to Rs. 353 lakhs, and net worth remains negative at Rs. (627) lakhs with debt-equity ratio of 19.3:1.
Shareholders should watch the preferential allotment ratification and the proposal to raise borrowing limits to Rs. 100 crore, as the company has negative net worth and continues to post losses, signaling financial stress. The preferential issue at a premium to promoters and related parties may lead to equity dilution for existing minority shareholders.