As required under Regulation 30 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the Notice of the 38th Annual General Meeting of the Company to be held on Monday, 29th September, ....
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Mukat Pipes Limited has notified BSE about its 38th AGM scheduled for Monday, September 29, 2025 at 12:30 p.m., to be held via video conferencing. Ordinary business includes adopting the FY25 (ended March 31, 2025) audited financial statements and the re-appointment of Chairman Roopinder Singh (DIN: 01239483), who retires by rotation. Special business includes appointing M/s Yogita & Associates as secretarial auditors for five consecutive years (FY 2025-26 to FY 2029-30) at Rs. 18,000 plus taxes for the first year. A key special resolution seeks shareholder approval to sell, lease, or otherwise dispose of the whole or substantially the whole of the company's undertaking, including land, factory building, plant and machinery. The explanatory statement explicitly states the company lacks adequate working capital and may sell part or all of its land and relocate the factory to generate funds, superseding a similar resolution passed on September 14, 2024 whose one-year validity under SEBI LODR has expired.
The asset-sale special resolution is the most material item — approval gives the board a broad, renewed mandate to dispose of fixed assets to ease working-capital pressure, which signals financial stress but also potential value unlocking. Director re-appointment and the auditor change are largely routine; the asset-sale vote deserves the closest attention from shareholders.