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 Limited (BSE: 537750), part of the LNB Group, has submitted its 29th Annual Report along with the notice for its Annual General Meeting scheduled for Saturday, 20 September 2025 at 12:30 PM via video conferencing. Key items on the AGM agenda include adoption of audited standalone and consolidated financials for FY25, declaration of dividend, and re-appointment of Mr. Amit Mehta as director. Shareholders will also vote on special business items including appointing M/s. MR & Associates as Secretarial Auditors for a 5-year term, elevating Chairman Mr. Lakshmi Niwas Bangur to Managing Director for 3 years (till June 2028), paying commission of up to 1% of net profits (capped at Rs 10 lakh per director) to Non-Executive Directors, and raising borrowing and charge-creation limits to Rs 1,500 crore each. The company is also seeking approval for material related party transactions, including lending of up to Rs 1,275 crore to subsidiaries, associates and promoter group entities, and availing loans of up to Rs 1,500 crore from related parties.
Routine regulatory filing, but the AGM items are meaningful for shareholders: a dividend declaration is expected, and shareholders will need to weigh in on a significant expansion of related-party lending and borrowing limits to Rs 1,500 crore. The elevation of promoter Chairman Mr. Lakshmi Niwas Bangur to Managing Director signals tighter promoter control, while the large proposed related-party transactions warrant attention regarding capital allocation and governance.