Please find enclosed herewith the 14th Annual Report of the Company for the financial year 2024-25.
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Mystic Electronics Limited has submitted its 14th Annual Report for FY 2024-25 to BSE and informed shareholders that the 14th Annual General Meeting (AGM) will be held on Tuesday, 30th September 2025 at 2:00 PM via video conferencing. The agenda includes adoption of audited financial statements, re-appointment of Mr. Krishan Khadaria as Director (retiring by rotation), and appointment of a new statutory auditor, M/s. Ashok Shetty & Co., for a 5-year term replacing the existing auditor. A material related party transactions resolution seeks shareholder approval for transactions with 10 related parties, with annual limits up to Rs. 50 crore per party (notably with Nouveau Global Ventures and Mukta Agriculture at Rs. 50 crore each). The company also proposes ratifying Mr. Manaklal Agrawal as Independent Director and appointing M/s. Ritika Agrawal & Associates as Secretarial Auditor for 5 years.
This is primarily a procedural filing submitting the annual report and convening the AGM; no immediate price impact is expected. However, shareholders should review the proposed related party transactions (up to Rs. 50 crore per related party) and the change of statutory auditor, both of which require their voting approval at the AGM.