AGM TO BE HELD ON 30TH SEPTEMBER 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kati Patang Lifestyle Ltd (formerly Virtualsoft Systems Limited) has called its 33rd AGM on Tuesday, 30 September 2025 at 9:00 a.m. via video conferencing. Shareholders will consider adoption of FY25 audited financial statements, re-appointment of Rajendra V. Kulkarni as director (retiring by rotation), and appointment of M/s Saket Billa & Associates as secretarial auditor for five years (FY26-FY30). Material related party transactions up to Rs. 35 crore in aggregate are up for approval — including Rs. 10 crore unsecured loan from MD Gokul Naresh Tandan, Rs. 15 crore equity investment into 98% subsidiary Empyrean Spirits, and Rs. 10 crore in subsidiary loans. Shareholders will also vote on re-appointing Gokul Tandan as Chairman & MD and Shantanu Upadhyay as Joint MD & CEO, both for five-year terms. A new ESOP scheme ('Kati Patang Lifestyle ESOP 2025') covering up to 45 lakh stock options (Rs. 10 face value) is proposed, including 22.5 lakh options earmarked for Lata Upadhyay, Co-founder and Chief Brand Officer.
This is a routine AGM notice with several items needing shareholder approval, including a fresh ESOP pool that could lead to share dilution of up to 45 lakh shares. The related party transactions are largely intra-group funding supporting the beer business through subsidiary Empyrean Spirits. Approval of these resolutions would formalise leadership continuity and provide equity-based incentives to key management.