Annual Report for the FY 2024-25
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National General Industries Ltd, a Delhi-based steel re-rolling company, has submitted its Annual Report for FY 2024-25 along with the Notice for its 39th Annual General Meeting to be held on 30th September 2025 via video conferencing. The AGM notice includes ordinary business items like adoption of audited financials and re-appointment of Mr. Vasu Modi as Director retiring by rotation. Special business includes re-appointment of Mr. Pawan Kumar Modi as Managing Director for the period from 4th July 2025 to 30th September 2027 at a salary of Rs. 2.50 lakh per month, appointment of M/s Deepak Bansal & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30) at Rs. 1.25 lakh plus taxes, and approval for paying consultancy/professional fees of Rs. 1.50 lakh per month to Mr. Manhar Modi, a Non-Executive Director and relative of the Managing Director. The document provided does not contain the detailed financial statements or auditor's report findings.
This is primarily a routine compliance filing. Shareholders should note the related party proposal to pay Rs. 1.50 lakh/month as consultancy fees to Mr. Manhar Modi (a Non-Executive Director and family member of the MD), which requires shareholder approval. Re-appointment of the promoter Managing Director signals continuity in leadership.