Notice of 12th AGM of the company.
Awaiting price reaction for this filing.
Aananda Lakshmi Spinning Mills has sent out the notice for its 12th Annual General Meeting, scheduled for Monday, 22nd September 2025 at 10:30 AM at Minerva Grand Hotel, Secunderabad. E-voting will be open from 18th September to 21st September 2025, with the cut-off date fixed at 12th September 2025, and the register of members will be closed from 13th to 22nd September 2025. Shareholders will vote on adopting the FY25 audited financial statements and reappointing Managing Director Mr. Devender Kumar Agarwal (who holds 14,86,088 shares in the company) by rotation. The meeting will also consider special resolutions to appoint Ms. Rajani Elaprolu Kumari as a new Independent Director for five years and to give Mr. Uttam Gupta a second five-year term as Independent Director. Members will also be asked to approve related-party transactions worth about Rs. 27 crores with entities connected to the promoter group, including Suryavanshi Industries, Suryavanshi Spinning Mills, Sheshadri Industries and Moonglade group companies, all to be carried out at arm's length in the ordinary course of business. Finally, M/s. HSP & Associates LLP is proposed as the new Secretarial Auditor for a five-year term covering FY26 to FY30.
This is a routine AGM notice, not a profit or corporate action event, so no immediate price reaction is expected. Shareholders should watch the related-party transaction proposal (Rs. 27 crores with promoter-group entities) and the director appointments, which need their approval through e-voting or at the meeting.