Jaiprakash Power Ventures Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 05, 2025
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Jaiprakash Power Ventures has notified the 30th Annual General Meeting (AGM) to be held on Saturday, 5th July 2025 at 11:30 AM via video conferencing. The Register of Members and Share Transfer Books will remain closed from 29th June to 5th July 2025, and the cut-off date for e-voting eligibility is 27th June 2025, with remote e-voting open from 2nd July to 4th July 2025. Ordinary business includes adoption of audited financial statements for FY25 and re-appointment of directors Manoj Gaur and Praveen Kumar Singh, who retire by rotation. Special business includes ratification of cost auditor remuneration of Rs 2 lakh for FY 2025-26, appointment of M/s. VLA & Associates as Secretarial Auditor for five years (FY 2025-26 to 2029-30) at Rs 1 lakh for the first year, and approval of commission to Executive Directors (up to 10% aggregate, 5% individual) and Non-Executive Directors (up to 1% aggregate). A notable item is a special resolution seeking approval for Chairman Manoj Gaur to receive commission of up to Rs 200 lakhs, which exceeds 50% of the total commission payable to all Non-Executive Directors.
Routine AGM notice, but shareholders should review the special resolution on enhanced commission of up to Rs 200 lakhs to the Chairman, which exceeds half the total pool for non-executive directors. The book closure period (29th June to 5th July) means share transfers will not be processed during this window.