33RD ANNUAL REPORT OF THE COMPANY
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kanel Industries Limited (BSE Scrip: 500236) has filed its 33rd Annual Report along with the Notice of the 33rd Annual General Meeting, to be held on Tuesday, September 30, 2025 at 09:30 AM at its registered office in Ahmedabad. The AGM has one ordinary business item (adoption of audited financials for FY25) and nine special business items. Key proposals include regularization of two Independent Directors appointed in January 2025, alteration of the Main Object Clause to shift away from the edible/non-edible oil business (the company had undergone insolvency resolution) into real estate, construction, and food/consumer products, and increasing the overall borrowing limit to Rs. 30 crore. The company also seeks shareholder approval for up to Rs. 50 crore in loans, guarantees, and investments under Section 186 and Section 185, a three-year framework for related party transactions from October 1, 2025, and re-appointment of the Secretarial Auditor for five years (FY26 to FY30). E-voting facility via NSDL and Purva Sharegistry is open from September 27 to September 29, 2025.
Shareholders should note this is a significant corporate restructuring filing — the company is seeking approval to change its core business objects (from oil to real estate and consumer goods), raise its borrowing capacity to Rs. 30 crore, and authorize substantial related party transactions and inter-corporate loans up to Rs. 50 crore. These are material changes that warrant shareholder attention and voting consideration at the AGM.