Please find enclosed the Notice of 14th AGM scheduled to be held on Tuesday, 30th September at 02:00 PM through VC/OAVM.
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Awaiting price reaction for this filing.
Mystic Electronics Limited has called its 14th Annual General Meeting on Tuesday, 30th September 2025 at 2:00 PM, to be held via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The agenda includes routine items such as adoption of audited financial statements for FY ended 31st March 2025 and the re-appointment of Mr. Krishan Khadaria as a Director (retiring by rotation). A notable change is the appointment of M/s. Ashok Shetty & Co. as the new Statutory Auditor for a 5-year term (replacing M/s. Sunil Vankawala & Associates), at an annual remuneration of Rs. 25,000 plus a 10% variation band. M/s. Ritika Agrawal & Associates is also proposed as Secretarial Auditor for 5 years from FY 2025-26 to FY 2029-30. Shareholders will also be asked to approve material related party transactions of up to Rs. 50 crore per annum with several entities linked to the promoter Khadaria family, including Nouveau Global Ventures, Mukta Agriculture, and 3M Enterprises. Additionally, the appointment of Mr. Manaklal Agrawal as Independent Director is being ratified via a Special Resolution. The remote e-voting window runs from 27th September to 29th September 2025, with the cut-off date set as 23rd September 2025.
The key items to watch are the auditor change and the sizeable related party transaction approvals with promoter-linked entities, which may raise governance concerns for minority shareholders. The related party limit of up to Rs. 50 crore per entity is significant given the company's small scale, so shareholders should review the rationale carefully before voting.