M K Proteins Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Friday, September 19, 2025
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M K Proteins Limited has announced its 13th Annual General Meeting (AGM) to be held on Friday, 19th September 2025 at 11:30 AM through video conferencing. The Board has not recommended any dividend for FY 2024-25. Shareholders will vote on several key resolutions, including the appointment of new statutory auditors M/s Subhash Sajal & Associates to fill a casual vacancy caused by the resignation of the previous auditor M/s KRA & Co., and their further appointment for a 5-year term until 2030. Other items include appointment of a secretarial auditor, ratification of cost auditor remuneration of Rs. 50,000, appointment of Mr. Deepak Khetarpal as Independent Director for 5 years, and approval for material related party transactions with associate concerns totalling up to Rs. 27,012 lakhs (covering sales, purchases, and lease rent). E-voting will be open from 16th to 18th September 2025, with the cut-off date being 12th September 2025. The Register of Members will be closed from 13th to 19th September 2025.
Shareholders should note the auditor change due to the previous auditor's resignation, which is a corporate governance item requiring their approval. The large related party transaction limits (totalling over Rs. 270 crore across six associate concerns) are significant and warrant attention, though the company states these will be at arm's length. No dividend means income-seeking investors won't receive a payout this year.