This is to inform you that the Annual General Meeting of the Members of the company is scheduled to held on 30th September, 2025. The Annual Report for 2024-25 is enclosed herewith.
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The board, at its meeting on 6th September 2025, approved convening the 11th AGM on 30th September 2025 at 3:00 p.m. via video conferencing, along with the FY2024-25 Annual Report which has been emailed to shareholders. A final dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10) was recommended for FY2024-25, with a record date of 23rd September 2025 and payment within 30 days of shareholder approval. M/s MG Jindal & Associates, Company Secretaries, was appointed as Secretarial Auditor for five consecutive years (FY2025-26 to FY2029-30) and also as Scrutinizer for the AGM voting process. The board also approved raising Managing Director Mr. Upkar Singh's remuneration to Rs. 10 lakh per month (from prior level, effective 1 September 2025) and increasing Whole-Time Director Mr. Barunpreet Singh Ahuja's pay from Rs. 4 lakh to Rs. 6 lakh per month, both subject to shareholder approval via special resolutions. The Annual Report for FY2024-25 was enclosed with the filing and uploaded on the company's website.
Shareholders benefit from a modest 5% final dividend (Rs. 0.50/share) and an upcoming AGM where they will vote on key resolutions including the dividend, director remuneration hikes, and auditor appointments. The upward revision in director pay — a 2.5x rise for the MD and 50% for the WTD — may draw attention from shareholders weighing governance and cost discipline, though the company remains a small BSE SME-listed entity.