The Annual General Meeting of the Company is scheduled to be held on Tuesday, 30th September, 2025 at 02:00 p.m.
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Awaiting price reaction for this filing.
Mudunuru Limited has called its 31st AGM on Tuesday, 30th September 2025 at 2:00 PM in Visakhapatnam, along with the Annual Report for FY 2024-25. Shareholders will vote on five items, including adoption of audited financials, appointment of new statutory auditor M/s. M.M. Reddy & Co. (replacing M/s. V. Ravi & Co.) for five years, and re-appointment of Mr. Madhusudan Raju Mudunuru as Chairman and Managing Director for three years at Rs. 3.25 lakh per month. The board also seeks approval to appoint M/s. K L Narayana & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) at Rs. 1 lakh per year. The company's turnover grew sharply to Rs. 620.05 lakhs in FY 2024-25 from Rs. 289.56 lakhs in FY 2023-24, but it posted a net loss of Rs. 131.05 lakhs, the third straight year of losses though smaller than prior years. E-voting opens on 27 September 2025 and closes on 29 September 2025, with the cut-off date set as 23 September 2025.
Shareholders should review the continued losses and the MD's re-appointment remuneration carefully before voting. The auditor change and sustained promoter-led management signal continuity, while the improving but still negative profitability keeps the stock fundamentally weak.