Please find enclosed herewith Notice of AGM of the Company scheduled to be held on 22nd August, 2025.
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Kesar Enterprises has sent out the notice for its 90th AGM, to be held on August 22, 2025 at 3:00 PM via video conferencing. The cut-off date for e-voting eligibility is August 15, 2025, with remote e-voting open from August 19–21, 2025. Key ordinary business includes adopting FY25 financial statements, re-appointing director Shri Devendra J Shah, and appointing M/s. Chandabhoy & Jassoobhoy as Statutory Auditors for a 5-year term at Rs. 17 lakh per annum. Special business includes appointing M/s. Dhrumil M. Shah & Co. LLP as Secretarial Auditors (Rs. 1.2 lakh p.a.), re-appointing Dr. Narendra Mairpady as Independent Director and Shri Harsh R Kilachand as Chairman & Managing Director for 3 years from August 14, 2025. Importantly, shareholders will also vote on a 1:10 stock split (Rs. 10 face value to Rs. 1), reclassification of preference shares into equity shares, and an increase in authorised share capital from Rs. 22 crore to Rs. 28 crore.
If approved, the proposed stock split will reduce each share's face value from Rs. 10 to Rs. 1, increasing the number of shares tenfold and likely improving liquidity and retail affordability. The re-appointments of CMD and Independent Director ensure management continuity, while the auditor changes reflect a standard governance refresh.