Please Find Attached Outcome of the Board Meeting held on 12th August 2025.
Price
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Manoj Jewellers' Board of Directors met on 12th August 2025 and approved several items. These include the Director's Report for FY ending 31st March 2025 and the Notice of the 18th Annual General Meeting. The Board also approved proposals to increase directors' remuneration beyond the usual managerial remuneration cap under Section 197 of the Companies Act, 2013. Additionally, it authorized the Board to give loans, guarantees or provide security under Sections 185 and 186 of the Companies Act, 2013. M/s. Dilip Swarnkar & Associates was appointed as Scrutinizer for AGM voting, and a cut-off date was fixed to determine member eligibility. All material items, including remuneration and loan-related proposals, are subject to shareholder approval at the AGM.
These are routine procedural resolutions ahead of the 18th AGM, but the proposal to raise directors' remuneration beyond statutory limits and authority for loans/guarantees under Section 185-186 may be flagged by shareholders and warrants review in the AGM notice. No immediate effect on stock price is expected.