Proceedings of the 39th AGM of the KBS India Limited held on 20.09.2025.
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KBS India Limited held its 39th AGM on 20th September 2025 via video conferencing, lasting about 16 minutes (12:30 PM to 12:46 PM) with 63 members attending. Chairman and Managing Director Tushar Suresh Shah chaired the meeting, where four resolutions were tabled. These included the adoption of audited financial statements for FY ending 31st March 2025, the re-appointment of Director Mrs. Namita Tushar Shah (retiring by rotation), approval of a Related Party Transaction, and a Special Resolution to issue 2,50,000 6% Non-Convertible Redeemable Preference Shares of Rs. 100 each (aggregating Rs. 2.5 crore) to promoter Mr. Tushar Shah on a preferential basis. Voting results were to be declared within 2 working days of the AGM.
The key takeaway is the proposed Rs. 2.5 crore preferential allotment of preference shares to the promoter, which signals the promoter's continued financial commitment to the company but also constitutes a related party transaction. Shareholders should watch the voting results, particularly on the Special Resolution for the promoter preferential issue and the related party transaction.