We are please to submit a copy of notice of 45th AGM of the company to held on Tuesday 30th September,2025 at the registered office of the company.
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Longspur International Ventures Ltd (formerly Confidence Finance and Trading Limited) has filed the notice for its 45th AGM on Tuesday, 30th September 2025 at 11:00 AM at its registered office in Mumbai. Ordinary business includes adopting the audited financial statements for FY ended 31st March 2025 and re-appointing Mr. Manoj Jain (DIN: 00165280) as a director who retires by rotation. Special business includes appointing M/s. Ritika Agrawal & Associates as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30) and appointing Mr. Manish Rajendra Saklecha and Ms. Jyoti Bansal as Independent Directors for 5-year terms. Mr. Manoj Jain is also proposed to be re-appointed as Managing Director for another 5 years. The company seeks approval to issue up to 1,50,00,000 equity shares on a preferential basis at Rs. 10 per share, raising Rs. 15 crore, alongside increasing authorized share capital from Rs. 21 crore to Rs. 50 crore to accommodate the issue.
Shareholders should note the proposed preferential allotment of 1.5 crore shares will lead to equity dilution, and the authorized capital hike (more than doubling from Rs. 21 crore to Rs. 50 crore) signals room for further fundraising. The MD re-appointment and addition of two independent directors are routine governance items but investors should review the rationale and pricing of the preferential issue before voting.