Megastar Foods Limited has informed the Exchange regarding 'Notice of 14th Annual General Meeting and Annual Report for the Financial year 2024-25'.
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Megastar Foods has informed the exchanges that its 14th AGM will be held on Wednesday, September 24, 2025 at 11:30 AM through video conferencing. The cut-off date for e-voting eligibility is September 17, 2025, with remote e-voting open from September 21 (9:00 AM) to September 23, 2025 (5:00 PM). Key items on the AGM agenda include adoption of FY25 audited financial statements, re-appointment of Mr. Mudit Goyal (director retiring by rotation), appointment of Mr. Kanwaljit Singh Thanewal as secretarial auditor for a 5-year term, and revision of remuneration for Chairman & MD Vikas Goel and Whole-time Directors Vikas Gupta and Mudit Goyal w.e.f. April 1, 2026. The annual report for FY25 has been sent electronically to members and uploaded on the company's website. Per the annual report highlights, consolidated revenue grew about 31% YoY to Rs. 36,101 lakhs in FY25, but PAT fell sharply to Rs. 379 lakhs (from Rs. 632 lakhs in FY24) and EPS dropped to Rs. 3.36 (from Rs. 6.19).
This is primarily a procedural AGM filing, but shareholders should note the September 17, 2025 record date to be eligible to vote. The proposed revision of remuneration for the three promoter directors and the sharp decline in profits despite revenue growth are items worth scrutinising at the AGM.