Intimation of 43rd Annual General Meeting to be held on July 18, 2025
Awaiting price reaction for this filing.
Shah Foods Ltd has notified that its 43rd Annual General Meeting will be held on Friday, July 18, 2025 at 12 PM via video conferencing. The three items on the agenda are: (1) adoption of audited financial statements for FY 2024-25, (2) re-appointment of Director Manan Rajesh Patel who retires by rotation, and (3) appointment of M/s. Maulik Bhavsar & Associates as Secretarial Auditor for a 5-year term from FY 2025-26 to FY 2029-30. The annual report shows the company swung from a loss of Rs. 21.91 lakhs in FY 2023-24 to a profit of Rs. 10.80 lakhs in FY 2024-25, with sales of Rs. 378.22 lakhs versus nil in the prior year as the company began trading in food products. No dividend has been recommended for the year.
This is primarily a procedural AGM notice with no major corporate action, though the return to profitability after a year of nil revenue is a positive signal for shareholders. E-voting opens on July 15 and closes on July 17, 2025, with the cut-off date for eligibility being July 11, 2025.