We enclose a file containing summary of proceedings of 35th Annual General Meeting of the Company held today on Wednesday, 24th September, 2025 at 11:00 AM through VC/OAVM.
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Indong Tea Company held its 35th AGM on 24th September 2025 at 11:00 AM via video conferencing. All 9 directors and KMPs, including Managing Director Hariram Garg, CFO Manoj Kumar Ganguly, and Company Secretary Chandan Gupta, were present along with 44 members. Ordinary business covered adoption of audited financial statements for FY ended 31 March 2025 and re-appointment of three retiring directors (Madanlal Garg, Rajesh Garg, and Rama Garg) by rotation. Special business included appointing M/s Puja Pujari & Associates as secretarial auditor for five years, increasing remuneration of the Managing Director, and seeking shareholder approval to raise borrowing limits and investment/loan authorization thresholds under Sections 180 and 186 of the Companies Act.
The proposed increase in the Managing Director's remuneration and the company's borrowing limits are the most material items for shareholders to watch, suggesting potential debt expansion and higher payouts to management. Voting results, to be declared within two working days, will reveal shareholder sentiment on these resolutions.