35th Annual Report for FY 2025-26 filed; AGM set for Sep 29
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Norris Medicines filed its 35th Annual Report for FY 2025-26 with BSE. AGM is on September 29, 2026 at 2:30 PM via video conferencing. Key items: reappoint Praveen Bafna as director, appoint Vimal Shah as Managing Director for 3 years at salary up to Rs 24 lakh per year, raise borrowing limit to Rs 50 crore, allow sale or lease of undertaking up to Rs 50 crore, and raise investment and loan limit to Rs 50 crore. One independent director resigned in December 2025.
Enhanced borrowing and disposal powers to Rs 50 crore hint at possible expansion or restructuring. MD reappointment gives leadership continuity.