Revised outcome of board meeting held on 8th September, 2025.
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The company filed a revised version of its 8th September 2025 board meeting outcome with extra disclosures as required by SEBI's listing rules. Key decisions include: convening the 23rd AGM on 30th September 2025 via video conferencing; re-appointment of Mrs. Kirtinandini Patil (Non-Executive Director and spouse of CMD Mr. Sanjay Patil) who retired by rotation; re-appointment of M/s. Jay Gupta & Associates as statutory auditor for a second 5-year term ending with the 28th AGM in FY2030; and appointment of M/s. DSM & Associates as secretarial auditor. The board set 19th September 2025 as the record date for the final dividend for FY ended 31st March 2025 and approved closure of the member register from 23rd–29th September 2025. It also recommended increasing the company's borrowing limits under Section 180(1)(c) and charge-creation limits under Section 180(1)(a), and proposed an amendment to the Articles of Association to add a new clause enabling an Employee Stock Option (ESOP) scheme.
Mostly routine AGM and governance housekeeping, but shareholders should note the proposed hike in borrowing limits and the new ESOP clause — both signal possible future fund-raising or capital expansion plans. The final dividend is confirmed via the record date, giving investors clarity on dividend eligibility.