Notice of 43rd Annual General Meeting to be held on Tuesday 30th September, 2025 at 12.00 p.m.
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Maharashtra Corporation Limited has called its 43rd Annual General Meeting on 30th September 2025 at 12:00 p.m. at Vyanjan Banquet Hall, Andheri (West), Mumbai. Shareholders will consider adopting the FY 2024-25 audited financial statements, which show income of Rs. 155.01 Lakhs (up from Rs. 79.49 Lakhs in FY 2023-24) and profit after tax of Rs. 10.78 Lakhs. Other items include re-appointment of Mr. Tilokchand Kothari (rotational director), approval of material related party transactions up to Rs. 25 Crore each with eight related parties for FY 2025-26, appointment of M/s. Kirti Sharma & Associates as Secretarial Auditor for five years (FY 2025-26 to 2029-30), and regularization of Mr. Vikasjeet Singh as Director. No dividend has been recommended for FY 2024-25.
For shareholders: key approval is the Rs. 25 Crore related party transactions cap, which could raise governance concerns given the chairman's stake in multiple related entities. E-voting is open from September 27-29, 2025 with cut-off date of September 23, 2025; book closure runs September 24-30, 2025. The sharp revenue growth but lower profit suggests cost pressures, while the no-dividend stance may limit near-term shareholder returns.