Notice of 31st Annual General Meeting
Awaiting price reaction for this filing.
Innocorp Ltd has submitted the notice for its 31st Annual General Meeting to be held on Monday, 29th September 2025 at 4:00 PM at the registered office in Banjara Hills, Hyderabad. Four resolutions will be tabled: adoption of FY25 audited financial statements, re-appointment of Mr. Prasad VSS Garapati as a director retiring by rotation, his re-appointment as Whole Time Director for 3 years at a consolidated remuneration not exceeding Rs. 50,000 per month, and the appointment of M/s. P S Rao & Associates as Secretarial Auditors for 5 consecutive years (FY 2025-26 to FY 2029-30). The company's FY25 financials show zero revenue from operations and a widening net loss of Rs. 37.64 lakh, compared to a loss of Rs. 26.11 lakh in FY24. Total expenditure stood at Rs. 24.37 lakh and the standalone net worth declined to Rs. 231.56 lakh from Rs. 269.20 lakh a year earlier. The directors have not recommended any dividend, citing reduced Tupperware orders as the reason for inadequate profits.
Shareholders should note that the company continues to generate no operating revenue and losses are widening, with no dividend declared. The AGM is largely procedural, focused on re-appointing the existing promoter Whole Time Director at modest remuneration and ratifying a new secretarial auditor for regulatory compliance.