Kokuyo Camlin Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 08, 2025
KOKUYOCMLN · price
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Awaiting price reaction for this filing.
Kokuyo Camlin Limited has issued the notice for its 78th Annual General Meeting, scheduled for Friday, August 8, 2025 at 10:00 a.m. via video conferencing. The ordinary business includes adoption of audited financial statements for FY25 and the re-appointment of Mr. Dilip Dandekar (Chairman & Non-Executive Director) who retires by rotation. Under special business, shareholders will vote on appointing M/s. JHR & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30) and on paying remuneration of up to ₹14,00,000 per annum (by way of perquisites) to Mr. Dandekar for FY 2025-26. The explanatory statement discloses that revenue from operations fell to ₹76,252.88 lakhs (from ₹81,589.33 lakhs in FY24) and profit after tax dropped sharply to ₹583.30 lakhs (from ₹4,383.20 lakhs), partly due to an inventory discrepancy of ₹2,356.81 lakhs identified at one manufacturing facility. The e-voting window runs from August 5 to August 7, 2025, with the cut-off date set as August 1, 2025.
While this is a routine AGM notice, the embedded financial commentary flags a steep ~87% fall in net profit and a ₹23.57 crore inventory irregularity at a plant, which are likely negative signals for the stock. Shareholders are being asked to approve a director's remuneration and the appointment of a new secretarial auditor, both of which are standard governance items requiring majority/special resolution approval.