Annual Report of Financial Year 2024-25.
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Manoj Jewellers Limited has filed the Notice of its 18th Annual General Meeting along with the Annual Report for FY 2024-25. The AGM is scheduled for Saturday, September 13, 2025 at 3:00 PM at the registered office in Sowcarpet, Chennai, with remote e-voting open from September 10 to September 12, 2025 (cut-off date September 5). Ordinary business includes adopting the FY25 financial statements and re-appointing Mr. Sunil Shantilal (DIN: 01730790), who holds around 16.84% stake, as Executive Director via rotation. Special business includes: (i) seeking shareholder approval to raise directors' remuneration beyond the 11% and 15% of net profits ceiling under Section 197; (ii) appointing M/s Dilip Swarnkar & Associates as Secretarial Auditor for five consecutive years (FY26–FY30); and (iii) approving powers under Section 186 and Section 185 for loans, guarantees, and investments up to a cumulative limit of Rs. 200 Crores to group companies and related entities.
Routine AGM and annual report filing with no major surprises, though shareholders should note the proposal to pay directors' remuneration above the standard 11% net profit ceiling and the sizable Rs. 200 Crore borrowing/investment powers being sought, which could affect capital allocation. Voting through remote e-voting is available for eligible members.