Jai Balaji Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 18, 2025
JAIBALAJI · price
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Jai Balaji Industries Limited has filed the notice for its 26th Annual General Meeting, scheduled for Thursday, September 18, 2025 at 12:30 PM, to be held entirely through video conferencing. Shareholders will vote on adopting the audited financial statements for FY 2024-25, re-appointing Sanjiv Jajodia as a director, and appointing MKB & Associates as Secretarial Auditor for a five-year term (FY26–FY30). Two special resolutions seek the re-appointment of promoter directors Rajiv Jajodia and Gaurav Jajodia as Whole-time Directors for three years (September 2025 to August 2028), with provisions for minimum remuneration in case of inadequate profits and annual increments up to 50%. Other items include ratification of the Cost Auditor's fee of Rs. 1.70 lakh for FY26, appointment of Parthasarathi Mukhopadhyay as an Independent Director for two years, and an amendment to the Articles of Association to allow the same individual to serve as both Chairperson and Managing Director/CEO. The stock split (1 share of Rs. 10 into 5 shares of Rs. 2) approved earlier with a record date of January 17, 2025 is also referenced.
This is a procedural AGM filing, but shareholders should watch the resolutions on re-appointing both promoter Whole-time Directors and the proposal to merge the Chairperson and MD/CEO roles, which concentrates leadership authority. The combined promoter remuneration and director-rotation outcomes could influence future governance perceptions and stock sentiment after the September 18 vote.