Please find enclosed here Annual Report for the year 2024-25.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Meghna Infracon Infrastructure Ltd (formerly Naysaa Securities Limited) has filed its Annual Report for the financial year ended March 31, 2025. The 18th Annual General Meeting is scheduled for September 30, 2025, via video conferencing. The AGM notice includes special business items seeking shareholder approval to increase overall borrowing limits to Rs. 250 crore under Section 180(1)(c) and to raise limits for creating charges on assets to Rs. 250 crore under Section 180(1)(a). The company has also sought approval to appoint M/s. S K Dwivedi & Associates as Secretarial Auditor for five years from FY 2025-26 to FY 2029-30. The report notes several board changes during the year, with multiple directors stepping down and a new CEO, Mr. Dhaval Lapasia, appointed effective May 21, 2025.
This is a routine annual report submission. The proposed jump in borrowing limit to Rs. 250 crore signals potentially significant debt-funded expansion, which warrants investor attention to the capital structure and end-use of funds. Multiple board changes and the apparent pivot from a securities business to infrastructure/realty also reflect a strategic shift that shareholders should monitor.