Revised Annual Report for the year March,2025.
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The company has filed its revised annual report for FY 2024-25 along with the notice for its 18th Annual General Meeting scheduled for September 30, 2025 via video conferencing. The report includes the Managing Director's message highlighting growth in revenues and profitability, along with a strong balance sheet. The AGM notice seeks shareholder approval for several key items: appointment of M/s S K Dwivedi & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), increasing the overall borrowing limit under Section 180(1)(c) to Rs. 250 crore, increasing the limit for creating charges on company assets under Section 180(1)(a) to Rs. 250 crore, and approving loans, guarantees or security of up to Rs. 250 crore to entities in which directors are interested under Section 185. The company operates in real estate under the brand 'Meghna Realty' and is seeking shareholder authorization for expanded financial flexibility.
Shareholders are being asked to approve significantly higher borrowing and lending powers for the board (up to Rs. 250 crore across multiple sections), which signals expansion plans or anticipated need for more debt. The Section 185 resolution specifically involves related-party transactions, which warrants shareholder attention. The new Secretarial Auditor appointment is a routine governance matter.