Please fine the attached Annual Report of the Indong Tea Company Limited schedule to be held on 24th September, 2025 at 11:00 AM via VC/OAVM.
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Awaiting price reaction for this filing.
Indong Tea Company has submitted its Annual Report for FY 2024-25 and notice of the 35th Annual General Meeting, scheduled for Wednesday, 24th September 2025 at 11:00 AM via video conferencing. Ordinary business items include adoption of audited financial statements and re-appointment of three retiring directors — Madanlal Garg, Rajesh Garg, and Rama Garg. Special business items seek shareholder approval to: appoint Puja Pujari & Associates as secretarial auditor for five years; raise the Managing Director Hariram Garg's remuneration to ₹3 lakh per month plus bonus (₹42 lakh annually) effective 1 October 2025; and increase the company's borrowing power and ability to create charges on assets up to ₹1,000 crore each. The report has also been uploaded on the company's website and will be sent electronically to members whose email IDs are registered.
The ₹1,000 crore borrowing and investment limits are very large relative to a small tea company, suggesting possible plans for significant expansion or acquisitions, though this remains speculative. The MD's revised pay of ₹42 lakh annually is modest and unlikely to materially affect shareholders. The e-voting cutoff date is 17 September 2025 — shareholders must vote by then if they wish to participate remotely.