Submission of Annual Report for the financial year 2024-25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Longspur International Ventures Ltd (formerly Confidence Finance and Trading Limited) submitted its 45th Annual Report for FY 2024-25 along with the notice for its AGM on 30th September 2025 at 11:00 AM at its registered office in Mumbai. Key agenda items include adoption of audited financials for FY ending March 2025, re-appointment of Mr. Manoj Jain as Managing Director for 5 years, and appointment of two new Independent Directors (Mr. Manish Saklecha and Ms. Jyoti Bansal) for 5-year terms. The company also proposes a preferential issue of 1.5 crore equity shares at Rs. 10 each, aggregating Rs. 15 crores, to a mix of promoters and non-promoters. Additionally, it seeks shareholder approval to increase authorised share capital from Rs. 21 crores to Rs. 50 crores.
The preferential allotment at face value to select allottees (including the promoter Mr. Manoj Jain for 14 lakh shares) will dilute existing shareholders and warrants close attention to the use of proceeds. The proposed Rs. 29 crore expansion in authorised capital signals intent for further fundraising. Existing investors should review the annual report and consider voting on these resolutions during the remote e-voting window from 27–29 September 2025.