Please find enclosed Annual Report of Machhar Industries Limited for FY 2024-25
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Awaiting price reaction for this filing.
Machhar Industries has scheduled its 17th Annual General Meeting on Saturday, 20 September 2025 at 2:30 PM at its registered office in Aurangabad. Shareholders of record as of Friday, 12 September 2025 are eligible to vote, with remote e-voting open from 16 September (9:00 AM) to 19 September 2025. The Annual Report for FY 2024-25 along with the AGM notice is being sent electronically to members with registered email IDs. Key resolutions to be voted on include: (1) adoption of audited consolidated financial statements for FY25, (2) ratification of statutory auditors M/s Ashok R. Majethia & Co for one year, (3) re-appointment of Mr. Vyankat W. Katkar as Whole-Time Director for one year at Rs. 75,250/month, (4) re-appointment of Mr. Sandeep Machhar as Managing Director for five years (till 31 March 2030) at Rs. 2,65,500/month, (5) continuation of Mr. Arvind Machhar as Non-Executive Director beyond age 75, (6) appointment of M/s Ganesh Palve & Associates as Secretarial Auditor for five years, and (7) approval to pay professional fees up to Rs. 5 lakh per year to CA Vikas Tapdiya, an Independent Director, for chartered accountancy services.
This is a routine AGM intimation and is unlikely to cause any immediate stock price reaction. Shareholders should ensure their demat accounts and email IDs are updated with the RTA (MUFG Intime India) before the 12 September 2025 cut-off to be eligible to vote on the resolutions. The re-appointment of promoter Mr. Sandeep Machhar as Managing Director for a fresh five-year term provides continuity at the leadership level.