Pursuant to Regulation 30 and 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, enclosed find herewith Annual Report along with Notice of 29th Annual General ....
KIRANVYPAR · price
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Kiran Vyapar Ltd (BSE: 537750), part of the LNB Group, has filed the Notice of its 29th Annual General Meeting along with the Annual Report for FY 2024-25 with BSE. The AGM is scheduled for Saturday, 20 September 2025 at 12:30 PM, to be held via video conferencing. Ordinary business includes adopting standalone and consolidated financial statements, declaring a dividend on equity shares, and re-appointing Mr. Amit Mehta as director. Key special business items include appointing Mr. Lakshmi Niwas Bangur (existing Chairman and promoter, aged 75+) as Managing Director for 3 years, paying commission of up to 1% of net profits to non-executive directors (capped at Rs. 10 lakh per director per year), and raising the company's borrowing and charge-creation limits to Rs. 1,500 crores each. Shareholders will also be asked to approve material related party transactions involving loans and investments of several hundred crores with group companies including Shree Krishna Agency Limited (subsidiary), Placid Limited (associate), and Maharaja Shree Umaid Mills Limited (promoter group).
Routine compliance filing, but the AGM agenda includes significant proposals that shareholders should review: a Rs. 1,500 crore borrowing limit hike, large related-party transactions within the LNB Group, and the transition of the promoter Chairman into an executive Managing Director role. These resolutions, if approved, could expand the company's financial flexibility and intra-group dealings.