Notice of Annual General Meeting and Director's Report along with applicable annexure thereto for the financial year ended on 31st March, 2025;
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Integra Capital Limited (formerly Integra Capital Management Limited) has called its 35th AGM on 25 August 2025 at 12:30 PM via video conferencing. Three items are on the agenda: adoption of audited FY25 standalone financial statements, re-appointment of Ms. Anjali Vohra (Non-Executive Director, wife of MD) who retires by rotation, and a special resolution to revise the remuneration of Managing Director Mr. Tarun Vohra — fixed salary of ₹2,50,000 per month plus a commission equal to 25% of any increase in the company's net worth during the financial year. Financial performance for FY25 weakened sharply: total revenue fell to ₹28.67 Lakhs (from ₹125.36 Lakhs in FY24), and profit after tax dropped to ₹23.43 Lakhs (from ₹95.89 Lakhs), with EPS falling to ₹0.50 from ₹2.04. The Board did not recommend any dividend. The company also saw significant board-level churn, with two independent directors resigning and four different company secretaries being appointed and resigning during the year, with Shikha Gupta currently in the role since June 2025.
Shareholders should note the steep drop in revenue and profits — net profit declined roughly 76% year-on-year — and the proposed variable pay structure that ties the MD's commission to net worth growth rather than profits, which could incentivise capital appreciation over earnings. No dividend was declared, and the high turnover in the company secretary position raises minor governance concerns, though board meetings and audit committee meetings were held at the required frequency.