Please find the disclosure under Regulation 30 of the SEBI (LODR) - Outcome of 35th AGM of the members held on 24th September 2025 at 11:00 AM
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Awaiting price reaction for this filing.
Indong Tea Company Ltd held its 35th Annual General Meeting on 24th September 2025 via video conferencing, chaired by Managing Director Shri Hariram Garg. All 8 directors including 3 independent directors and 44 shareholders were present. Ordinary business included adoption of audited financial statements for FY ended 31st March 2025 and re-appointment of three directors (Madanlal Garg, Rajesh Garg, and Rama Garg) retiring by rotation. Special business included appointing M/s Puja Pujari & Associates as Secretarial Auditor for 5 years, increasing the Managing Director's remuneration, raising borrowing limits under Section 180(1)(c), expanding charge/mortgage powers under Section 180(1)(a), and authorising the board for investments/loans beyond Section 186 thresholds. E-voting ran from 21-23 September 2025, and voting results will be submitted to BSE within 2 working days.
The proposed increases in borrowing powers and investment authorisation suggest the company is preparing for possible expansion, acquisitions, or higher capital needs. Higher MD remuneration and expanded board authority are worth watching. Investors should await the voting results, as these special resolutions could signal upcoming growth plans.