Notice of 34th Annual General Meeting, scheduled on Monday, 22nd September, 2025.
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Kay Power and Paper Ltd has called its 34th Annual General Meeting on Monday, September 22, 2025 at 3:00 PM at its registered office in Borgaon, Satara. E-voting via CDSL will be open from September 19 to September 21, 2025, with September 15, 2025 as the cut-off date. Ordinary business includes adoption of standalone and consolidated audited financial statements for FY25 and re-appointment of Mrs. Deepa Agarwal as director (retiring by rotation). Special business seeks shareholder approval for a material related party transaction worth Rs. 30 crore with M/s Satara Engineering Projects and Equipments Pvt Ltd for purchase of balancing machinery for capacity expansion, approval of material related party transactions involving subsidiaries, transfer of about 9.09 hectares of land at Borgaon to its wholly owned subsidiary M/s Satara Aerospace and Defence Industrial Park Pvt Ltd, and appointment of M/s Neha Doshi & Co. as secretarial auditor for five years (FY26 to FY30).
Shareholders will vote on several significant items, including a Rs. 30 crore related-party machinery purchase for capacity expansion and transfer of company land to a wholly owned subsidiary, signalling possible restructuring. Approval of these resolutions could expand the company's production capacity and reorganize its asset base, but related-party transactions warrant close scrutiny for arm's-length pricing.