Notice of 38th Annual General Meeting of the Company to be held on Thursday, June, 26th 2025
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The company has called its 38th AGM on June 26, 2025 at 3:00 PM via video conferencing, with e-voting open from June 23-25, 2025 (cut-off date June 19, 2025). Key resolutions include changing the company name from 'Markobenz Ventures Limited' to 'Newtrac Foods & Beverages Limited' and increasing authorized share capital from Rs. 55 crore (5.5 crore shares) to Rs. 75 crore (7.5 crore shares of Rs. 10 each), a ~36% increase. Ordinary business covers adoption of FY25 audited financials and re-appointment of Managing Director Mr. Bhavin Yogesh Shukla. Special business includes appointing Mr. Mahendra Kumar Jagdeesh Patel as Executive Director and Mr. Rakesh Kumar Pandey as Independent Director (both appointed March 10, 2025), and replacing statutory auditors M/s. S. Ramanand Aiyar & Co with M/s. NKSC & Co for a 4-year term.
Shareholders should note a likely business pivot — the proposed rename to a foods & beverages entity combined with a Rs. 20 crore jump in authorized capital hints at fundraising, expansion, or dilution ahead. The auditor change and heavy board reshuffle during FY25 (several resignations and new appointments) are governance changes worth tracking before voting on June 26.