Intimation of 40th AGM of Miven Machine Tools Limited to be held on 12th September 2025 at 11:00 AM through Video conferencing, sending of Notice of AGM by email, closure of register of ....
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Miven Machine Tools has called its 40th Annual General Meeting on Friday, 12 September 2025 at 11:00 AM via video conferencing, with e-voting (via CDSL) open from 8 September to 11 September 2025 and 5 September 2025 as the cut-off date. The register of members will be closed from 8 September to 11 September 2025, and CS Surya Prakash Perumalla of SPP & Associates has been appointed as scrutinizer. Ordinary business includes adoption of FY25 audited financials and re-appointment of Managing Director Katta Sundeep Reddy, who retires by rotation. A key ordinary resolution proposes appointing SPP & Associates as Secretarial Auditor for five years (FY26 to FY30). Three special resolutions seek approval to (a) completely replace the company's main objects clause to add businesses in water vending/dispensing machines, water filtration, software development, IoT, cloud and e-commerce solutions, (b) delete the existing other objects clause III(C), and (c) adopt a new set of Articles of Association aligned with the Companies Act 2013.
The proposed change in main objects is a major strategic shift, as the company plans to move beyond machine tools into water dispensing/vending and software/IT services, which could materially change the business profile and risk-reward for shareholders. The new Articles and 5-year secretarial auditor appointment are routine governance items. Shareholders should study the diversification rationale closely before voting, as the cut-off date for e-voting eligibility is 5 September 2025.