Corrected explanatory statement of the Notice of 42nd Annual General Meeting of the Company for the year ended 31st March,2025 to be held on Saturday, 13th September,2025.
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Neo Infracon Limited (formerly Anuvin Industries Limited) will hold its 42nd AGM on Saturday, 13th September 2025 at 2:00 PM via video conferencing. Shareholders will vote on adopting the audited financial statements for FY ending 31st March 2025, approving related party transactions worth Rs. 915.6 Lakhs (against consolidated turnover of Rs. 1,105.18 Lakhs), and appointing M/s. VKM & Associates as Secretarial Auditor for 5 years at Rs. 1,00,000 per year. The notice also seeks approval for re-appointing Mr. Rahul Kanungo and Mr. Nitesh Jain as Independent Directors for a second 5-year term each, and Mr. Ankush Mehta as Managing Director for 5 years (20th August 2025 to 20th August 2030) with a current salary of Rs. 18,00,000 per annum. The Register of Members will be closed from 6th to 12th September 2025 for the AGM. The e-voting window runs from 10th to 12th September 2025, with the cut-off date set at 5th September 2025.
This is a routine AGM with management continuity proposals — re-appointment of the Managing Director and two Independent Directors is largely procedural but shareholders should note related party transactions nearly equal the company's total turnover. No new strategic decisions, fundraising, or major financial changes are on the table; short-term stock impact is expected to be limited.