Kothari Products Limited has informed the Exchange about Notice of forty first Annual General Meeting
KOTHARIPRO · price
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Kothari Products Limited has announced its 41st Annual General Meeting scheduled for Friday, 19th September 2025 at 11:30 AM, to be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The AGM covers 6 items: 4 ordinary business items including adoption of audited standalone and consolidated financial statements for FY 2024-25, re-appointment of Director Mitesh Kothari (retiring by rotation), and re-appointment of M/s. G.M. Kapadia & Co. as Statutory Auditor. Two special business items include appointment of M/s. Adesh Tandon & Associates as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30) and ratification of the divestment of its entire 60 lakh equity shares in wholly-owned subsidiary KPL Exports Limited to group company Nine Two Seven Nine Work Avenue Pvt. Ltd. at Rs. 332 per share, aggregating to Rs. 199.20 crores. Remote e-voting will be open from 16th September (9:00 AM) to 18th September (5:00 PM), with cut-off date of 12th September 2025. The accompanying annual report shows strong FY25 results with net sales tripling from Rs. 28,547 lacs to Rs. 99,237 lacs and profit after tax rising from Rs. 1,216 lacs to Rs. 3,249 lacs, though no dividend has been proposed.
Shareholders should review and vote on the Rs. 199.20 crore subsidiary divestment, which represents a major strategic shift away from international trade toward domestic business focus. The substantial revenue growth in FY25 could positively influence investor sentiment, while the absence of a dividend despite improved profitability may be a point of concern for income-focused investors.