Please find attached Notice & Annual Report for 40th AGM of the Company.
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Awaiting price reaction for this filing.
Mukesh Babu Financial Services has announced its 40th Annual General Meeting to be held on September 9, 2025 at 4:00 PM via Video Conferencing, along with the Annual Report for FY 2024-25. Shareholders will consider a dividend of ₹1.20 per equity share for FY25, and the re-appointment of Mrs. Meena Mukesh Babu as a director retiring by rotation. A Special Resolution seeks to re-appoint Mr. Bhavesh Doshi as Independent Director for another 5-year term (August 28, 2025 to August 27, 2030). The company also proposes appointing V.V. Chakradeo & Co. as Secretarial Auditors for 5 years starting FY 2025-26, and seeks shareholder approval for material related party transactions up to ₹15 crore per counterparty. A similar RPT approval is sought for its subsidiary Mukesh Babu Securities Limited. The board underwent changes during the year, with three new independent directors joining in August 2024 and three others stepping down by September 2024.
Routine AGM business — shareholders will receive the ₹1.20 dividend if approved, and the RPT approvals are standard for a financial services group with multiple related entities. No material surprise in the agenda; likely minimal stock price reaction barring any discussion at the meeting.