Annual Report of the Company for FY ended 31st March, 2025
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Minal Industries Ltd, a diamond and jewellery company based in Mumbai, has filed its 37th Annual Report for the financial year ended 31st March 2025 along with the AGM notice. The 37th AGM is scheduled for Friday, 26th September 2025 at 11:00 a.m. via video conferencing. Remote e-voting will be open from 23rd September (9:00 a.m.) to 25th September (5:00 p.m.) 2025, with a cut-off date of 19th September 2025. The notice seeks shareholder approval for adopting standalone and consolidated financial statements, re-appointment of Mr. Divyanshu Navlakha as a director, and several material related party transactions including loans up to Rs. 25 crore and sale of goods up to Rs. 25 crore with Minal Infojewels Limited, up to Rs. 10 crore with Selection Inc (USA), and up to Rs. 5 crore with RSBL Jewels Partnership Firm, all for FY 2026-2027. It also proposes appointing HSPN & Associates LLP as Secretarial Auditors for five years through the 42nd AGM in 2030.
Routine AGM and annual report filing — no immediate impact on stock price expected. Shareholders should note the multiple related party transactions being put to vote, particularly the large Rs. 25 crore loan arrangement with group entity Minal Infojewels Limited, which may warrant closer scrutiny of related party exposure.