Mtar Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Thursday, September 18, 2025 at 11:00 a.m.
MTARTECH · price
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MTAR Technologies has scheduled its 26th AGM for Thursday, September 18, 2025 at 11:00 a.m. through Video Conferencing/Other Audio-Visual Means. The cut-off date for e-voting eligibility is September 11, 2025. Ordinary business includes adoption of FY25 audited financial statements (standalone and consolidated), re-appointment of Mr. P. Srinivas Reddy and Mr. A. Praveen Kumar Reddy as directors retiring by rotation, and re-appointment of M/s. S.R. Batliboi & Associates LLP as Statutory Auditors for a second term of 4 years (till FY 2028-29) at a fee of Rs. 72 lakhs. Special business includes continuation of Mr. V.G. Sekaran as Independent Director beyond age 75, re-appointment of Mr. A. Praveen Kumar Reddy and Mr. Anushman Reddy as Whole Time Directors for 3 years each (at Rs. 96 lakhs and Rs. 144 lakhs p.a. plus 30% variable pay respectively), ratification of cost auditor remuneration of Rs. 4 lakhs for FY26, and appointment of M/s. S.S. Reddy & Associates as Secretarial Auditors for 5 years (FY 2025-26 to 2029-30).
This is a procedural AGM notice with no surprise items. The director re-appointments, auditor re-appointments, and remuneration proposals are largely standard. No immediate material impact on the stock is expected, though shareholders of record as of September 11, 2025 should review the resolutions and exercise their e-voting rights.