Notice of 35th Annual General Meeting of the Company
Awaiting price reaction for this filing.
The company is convening its 35th Annual General Meeting on Tuesday, 30 September 2025 at 3:30 PM at its registered office in Gummidipoondi, Tamil Nadu. Shareholders will consider adopting the FY2024-25 financial statements and re-appoint Mr. Anil Bhandari (DIN: 02722372), who retires by rotation. Two special resolutions are on the agenda: approval of material related party transactions worth INR 15 Crores for FY2024-25 with Rudraaksh Textiles LLP, Jivan Plastic India LLP, Him Marketing, and Hospira Agencies, and an increase in the company's borrowing limit under Section 180(1)(c) to INR 50 Crores to fund capacity expansion. E-voting via CDSL will run from 27-29 September 2025, with the cut-off date on 23 September; the register of members will be closed from 24-30 September 2025.
The increased borrowing ceiling (up to INR 50 Crores) signals planned capacity expansion and higher potential leverage, while the INR 15 Crore related party transactions (involving entities linked to promoter family members) require shareholder approval and could be a voting point of interest for minority shareholders.