Please find the Notice of 35th Annual General Meeting of Indong Tea Company Limited for the F.Y. 2024-25 Scheduled to be held on 24th September, 2025 at 11:00 AM
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Indong Tea Company has called its 35th Annual General Meeting on September 24, 2025 at 11:00 AM, to be held via video conferencing. Ordinary business includes adopting the FY25 audited financial statements and re-appointing three directors (Madanlal Garg, Rajesh Garg, and Rama Garg) who retire by rotation. Key special business includes increasing Managing Director Hariram Garg's remuneration to Rs. 3 lakh per month plus bonus, totaling about Rs. 42 lakh per year for two years ending September 30, 2027. The company is also seeking shareholder approval to raise its borrowing limit, charge-creation limit on assets, and investment/loan authorization limit — each up to Rs. 1,000 crore. Additionally, M/s Puja Pujari & Associates is proposed as Secretarial Auditor for a 5-year term (FY26 to FY30). E-voting opens September 21 and closes September 23, 2025, with September 17 as the cut-off date.
The proposed Rs. 1,000 crore borrowing and investment limits are disproportionately large for a small-cap tea company, potentially indicating plans for significant expansion, acquisitions, or debt restructuring ahead. The MD pay hike and director re-appointments are routine, but shareholders should watch the special resolutions closely since they require majority approval to pass.