Please find enclosed Notice of 17th Annual General Meeting and Annual Report 31st March, 2025
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Awaiting price reaction for this filing.
Machhar Industries has fixed its 17th AGM on Saturday, 20th September 2025 at 2:30 PM (IST) at its registered office in Aurangabad, with remote e-voting open from 16th to 19th September 2025 (cut-off date: 12th September 2025). Key business items include adopting the audited consolidated financial statements for FY25, ratifying M/s Ashok R. Majethia & Co as statutory auditors for one more year, and re-appointing Mr. Sandeep Machhar as Managing Director for five years (Apr 2025 to Mar 2030) at about Rs 2.65 lakh per month plus benefits. Mr. Vyankat W. Katkar is being re-appointed as Whole-Time Director for one year at Rs 75,250/month. A special resolution seeks shareholder approval for Mr. Arvind Machhar to continue as Non-Executive Director beyond age 75. Another special resolution approves payment of up to Rs 5 lakh per year as professional fees to Independent Director CA Vikas Tapdiya (a related-party transaction). M/s Ganesh Palve & Associates is proposed as Secretarial Auditor for five years. The company operates in the chemical/explosives industry with plants in Panoli (Gujarat) and Paithan (Aurangabad).
Routine AGM business with no immediate share-price trigger, but shareholders should note the MD's long five-year re-appointment at higher remuneration and the related-party fee approval for an Independent Director — both warrant attention and voting consideration at the AGM.