Mallcom (India) Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 30, 2025
MALLCOM · price
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Mallcom (India) held its 41st AGM on August 30, 2025, via video conferencing, with all directors present except Dr. Himanshu Rai. Chairman Mr. Ajay Kumar Mall highlighted the company's 7th consecutive year of revenue growth, a debt-free balance sheet, and that ~90% of revenue comes from clients associated for over five years. The company exports to 55+ countries with minimal US dependence, and is investing ₹180 crore in capacity expansion (including a new Ahmedabad plant), funded entirely through internal accruals, with a target to double revenue to ₹1,000 crore in four years. Seven resolutions were tabled, including approval of FY25 financial statements, dividend declaration, appointment of new statutory auditor M/s Agarwal Maheswari & Co., re-appointment of Executive Director Mr. Giriraj Mall, and a scheme of amalgamation with its wholly-owned subsidiary Mallcom VSFT Gloves Pvt Ltd via the fast-track route. The auditor's report had no qualifications, and e-voting was conducted through NSDL with results to be published within two working days.
Positive signals for shareholders: consistent revenue growth, zero debt, and a clear ₹1,000 crore revenue target backed by internal-funded capex suggest management confidence. The amalgamation of the wholly-owned glove subsidiary and dividend declaration are routine but reinforce capital allocation discipline; investors should watch the e-voting results and FY25 dividend quantum once declared.