32nd Annual Report - for the financial year 2024-25 wnclose
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Kumbhat Financial Services Ltd has filed the Notice of its 32nd Annual General Meeting and the Annual Report for FY 2024-25 with BSE. The AGM is scheduled for Wednesday, 20th August 2025 at 10:00 AM via video conferencing. Key items on the agenda include adoption of audited financials, appointment of M/s Joseph & Rajaram as new statutory auditors (replacing PKF Sridhar & Santhanam LLP who intend to resign), appointment of Shri. S. Ramabadran as Independent Director for 5 years, and appointment of M/s Mundhara & Co as Secretarial Auditors for 5 years from FY 2025-26. The company is also seeking shareholder approval to borrow up to Rs. 37 Crores (including via private placement of secured redeemable NCDs), create charges on assets up to Rs. 37 Crores, re-appoint Shri. Sanjay Kumbhat as Managing Director for 3 years (Sept 2025 to Aug 2028), and increase his remuneration limit to Rs. 18 lakh per annum. The register of members will remain closed from 14th August to 20th August 2025.
Shareholders should note multiple items requiring their vote, including auditor change, significant borrowing powers of up to Rs. 37 Crores via NCDs, and increased managerial remuneration. These are routine corporate housekeeping proposals but the borrowing/charge resolutions give the board broad financial flexibility. Retail investors can vote electronically via CDSL from 17-19 August 2025.