Intimation of 40th AGM of Miven Machine Tools Limited, sending Notice if AGM by email, closure of register of members and e-voting, scrutinizer of e-voting and cut-off date.
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Miven Machine Tools has called its 40th Annual General Meeting on Friday, September 12, 2025 at 11:00 AM, to be held through video conferencing. Shareholders on the record as of the cut-off date of September 5, 2025 will be eligible to vote; remote e-voting via CDSL runs from 10 AM on September 8 to 5 PM on September 11, 2025, with CS Surya Prakash Perumalla (SPP & Associates) appointed as scrutinizer. The Register of Members will be closed from September 8 to September 11, 2025, and the AGM notice and annual report are being sent only by email. Ordinary business includes adopting FY25 audited results and re-appointing Managing Director Katta Sundeep Reddy (retiring by rotation). A key item is the appointment of SPP & Associates as Secretarial Auditor for five consecutive years (FY 2025-26 to 2029-30). Special resolutions seek to add a new set of main objects covering water vending machines, water purification, IT/software services and e-commerce – a major business diversification beyond the current machine tools focus – along with deletion of existing other-objects clause and adoption of a new set of Articles of Association aligned with the Companies Act, 2013.
The proposed change in main objects is the most consequential item – shareholders are being asked to green-light entry into water dispensing/vending and IT services, which is a meaningful strategic shift away from the current machine tools business. Investors should weigh the long-term implications before voting on these special resolutions, as successful passage would formally allow the company to operate in these new verticals.