Kritika Wires Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2025
KRITIKA · price
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Kritika Wires held its 21st AGM on September 24, 2025 via video conferencing, attended by 57 members with all directors present. Shareholders adopted the audited financial statements and approved the re-appointment of Mr. Sanjeev Binani as a director liable to retire by rotation. Two new Non-Executive Independent Directors were appointed: Mr. Joyjit Das and Mrs. Sarika Kedia, both via special resolutions. M/s. RSG & Associates was appointed as the new Secretarial Auditor, and the remuneration of the Cost Auditor was ratified. Shareholders also approved revisions in remuneration for three executive directors — Managing Director Mr. Hanuman Prasad Agarwal, Chairman cum WTD Mr. Naresh Kumar Agarwal, and WTD Mr. Ankush Agarwal (all Agarwal family members). A corporate guarantee to SBI, YES Bank, Axis Bank, and ICICI Bank for credit facilities availed by related party M/s. HM Power and Cables Private Limited was also approved. Voting results will be filed with the exchange within two working days.
The AGM was largely procedural but included notable board strengthening with two new independent directors and executive pay revisions for promoter-family directors. Shareholders should watch for the detailed voting results, especially on the related-party corporate guarantee, which carries some governance consideration.