Intimation of 49th AGM of the Company scheduled on 29.09.2025 with details of book closure and e-voting along with 49th AGM notice and text of AGM newspaper add
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kandagiri Spinning Mills has called its 49th Annual General Meeting for Monday, 29th September 2025 at 11:30 a.m. via video conferencing. The cut-off/record date is 22nd September 2025, with the register of members and share transfer books closed from 23rd to 29th September 2025. Remote e-voting runs from 25th September (9:15 a.m.) to 28th September (5:00 p.m.) through NSDL. Shareholders will vote on adopting FY25 financial statements, reappointing Mr. S. Sivakumar as Managing Director, and approving multiple new director appointments including Mr. Adinarayana Sripathy Kumar as Chairman, Mr. Manoj Kumar Maurya as Whole-time Director and CFO, and two Independent Directors. A new statutory auditor, M/s SSAL & Associates, is being appointed for a 5-year term (FY26–FY30) at Rs. 1 lakh remuneration, replacing M/s Krishnen & Associates who resigned on 13th August 2025. The filing also notes a Share Purchase Agreement dated 3rd February 2025 with acquirer Akshayam Creations LLP, indicating a change in promoter control.
This is largely a procedural AGM notice, but it signals a significant change in management — a new promoter group (Akshayam Creations LLP) has taken control and is reshaping the board. Shareholders should watch for shareholder vote outcomes on the auditor switch, director appointments, and the MD's remuneration of Rs. 1 lakh/month as minimum remuneration even in years of inadequate profits.