Indiabulls Enterprises Limited has informed the Exchange regarding 'Notice convening 7th Annual General Meeting of Shareholders of Indiabulls Enterprises Limited (the Company), along with Annual Report for the Financial Year 2024-25'.
Awaiting price reaction for this filing.
Indiabulls Enterprises Limited has sent out the notice for its 7th Annual General Meeting (AGM) scheduled to be held on Tuesday, September 23, 2025 at 2:30 PM IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The AGM notice and Annual Report for FY 2024-25 have been emailed to shareholders whose email IDs are registered, and the books will remain closed from September 17 to September 23, 2025. Four key items are on the agenda: (1) adoption of audited standalone and consolidated financial statements for FY 2024-25, (2) re-appointment of Ms. Sargam Kataria (DIN: 07133394) as Non-Executive Director, liable to retire by rotation, (3) appointment of Mr. Riyaz Javed Khan (DIN: 09643848) as Whole-time Director and Executive Director for 5 years (July 25, 2025 to July 24, 2030) at remuneration of up to INR 6.00 lacs per month, and (4) appointment of M/s Sukesh & Co. as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30) at a fee of up to INR 3,00,000 per year plus taxes. Remote e-voting opens on September 17, 2025 and closes on September 22, 2025, with the cut-off date being September 16, 2025.
Routine AGM notice — no immediate impact on stock price. Shareholders should note the book closure period (Sep 17-23) and e-voting timeline. The appointment of Mr. Riyaz Javed Khan as Executive Director and M/s Sukesh & Co. as Secretarial Auditors are non-material governance items requiring shareholder approval.