Notice of Extra Ordinary General meeting to be held on 28.04.2025
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K&R Rail Engineering Limited has called an Extra Ordinary General Meeting (EGM) on April 28, 2025 at 11:30 AM via Video Conferencing, with the notice dispatched to shareholders on April 4, 2025. Two special business items are on the agenda: (1) Appointment of Mrs. Rahmath Unnisa (DIN: 10945055) as an Independent Director for a 5-year term from 01.04.2025 to 31.03.2030, and (2) Re-appointment of Mr. Amit Bansal (DIN: 06750775) as Whole Time Director for another 5 years from 01.04.2025, with a proposed remuneration of Rs. 2,00,000 per month. Both resolutions require approval as Special Resolutions. The company's turnover grew sharply from Rs. 19,465.06 lakhs in FY22 to Rs. 61,223.30 lakhs in FY24, though net profit remained modest at Rs. 711.90 lakhs in FY24, as the company states it is in an expansion phase. Remote e-voting window is April 25-27, 2025, with cut-off date of April 21, 2025.
The EGM is largely routine, focusing on board continuity through a director re-appointment and adding a new independent director. The disclosed turnover growth is strong, but thin profit margins and the company's own admission of 'minimal profits' during expansion may concern investors. The relatively modest proposed remuneration for the Whole Time Director is unlikely to draw shareholder pushback.