KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The 55th AGM was held on September 26, 2025, via video conferencing, chaired by Mr. Rafiq Ahmed. Key items included adoption of FY25 audited financials (with corrections to related party disclosures — certain advances earlier shown to Phoenix Kothari Footwear Limited were corrected to reflect Mr. Rafiq Ahmed personally, linked to the proposed acquisition of shares in Phoenix Kothari). The meeting also covered re-appointment of Mr. Rafiq Ahmed as Executive Chairman & MD for 3 years, re-appointment of Mrs. T.A. Rajalaxmi (retiring by rotation), appointment of M/s. Santosh Senapati & Co as Secretarial Auditor for 5 years, approval of a material related party transaction for further investment in Phoenix Kothari Footwear Limited, alteration of the Object Clause of the MOA, and issuance of 11,11,068 equity shares to non-promoters on a preferential basis. The auditors had issued a qualified opinion on the standalone and consolidated financial statements, which was read out at the meeting.
Voting results are awaited and will be disclosed within 2 working days. Shareholders should note the preferential allotment to non-promoters (potential dilution) and the related party investment in Phoenix Kothari Footwear, which signals continued strategic focus on the footwear subsidiary. The qualified auditor opinion and related-party disclosure corrections are worth tracking for governance quality.