Intimation of Annual General Meeting to be held on 29th September, 2025
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Mrugesh Trading Limited has called its 41st Annual General Meeting for Monday, 29th September 2025 at 5:00 PM, to be held entirely through video conferencing. Shareholders will consider ordinary business including adoption of the audited FY 2024-25 financial statements and re-appointment of Managing Director Mr. Arpit Piyushbhai Shah (DIN: 08311352), who retires by rotation. Four special resolutions seek shareholder approval to (a) raise the borrowing limit to Rs. 500 Crores under Section 180(1)(c), (b) create charges/mortgages on company assets under Section 180(1)(a), (c) give loans, guarantees or investments up to Rs. 500 Crores under Section 186, and (d) extend loans to director-related entities up to Rs. 500 Crores under Section 185. Remote e-voting runs from 26th September to 28th September 2025, with 22nd September as the cut-off date for voting eligibility. The filing is submitted to BSE (Scrip Code: 512065) under Regulation 34 of SEBI LODR along with the 41st Annual Report for FY 2024-25.
The Rs. 500 Crore ceiling on borrowings, investments and related-party loans is unusually large for a small trading company and signals the management is seeking wide financial flexibility, potentially for expansion, acquisitions or group-level funding. Shareholders should weigh the director re-appointment and these broad enabling resolutions carefully, as they materially expand board authority with no disclosed specific plans attached.