Outcome of 45th Annual General Meeting held on 30th September,2025.
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Longspur International Ventures Ltd (formerly Confidence Finance and Trading Limited) held its 45th AGM on 30th September 2025, from 11:00 AM to 12:10 PM. Members approved the audited financial statements for the year ended 31st March 2025, along with the Board's and Auditors' reports. Mr. Manoj Naginlal Jain (DIN: 00165280) was re-appointed as Managing Director for a fresh 5-year term, and M/s. Ritika Agrawal and Associates were appointed as Secretarial Auditors. Two new Independent Directors — Mr. Manish Rajendra Saklecha and Ms. Jyoti Bansal — were also appointed. Additionally, shareholders cleared a special resolution for issuing equity shares on a preferential basis and approved an increase in the company's authorized share capital with a corresponding amendment to the Memorandum of Association.
Routine governance items (financials, auditor, director appointments) were approved without surprises. However, the approval for a preferential equity issue and a hike in authorized share capital points to potential equity dilution ahead, which shareholders should monitor closely. Re-appointment of the MD for 5 years ensures management continuity.