Notice of Annual General Meeting along with Annual Report of the Company for the Financial Year 2024-25.
Awaiting price reaction for this filing.
South Asian Enterprises Ltd (BSE Scrip: 526477) has sent out the notice for its 36th Annual General Meeting, scheduled for Wednesday, 24th September 2025 at 12:30 p.m., to be held entirely through video conferencing (VC/OAVM). The record date for voting eligibility is 17th September 2025, and remote e-voting will run from 21st to 23rd September via NSDL. Ordinary business includes adopting the audited standalone and consolidated financial statements for FY ended 31st March 2025 and re-appointing Shri Abhinav Shobhit (DIN: 10155183), who retires by rotation. The key special business item is a proposal to write off the entire loan of Rs. 2,90,40,077 (around Rs. 2.90 crore) given to Chai Thela Private Limited (CTPL), a former subsidiary till 27th March 2025, along with unpaid interest, as CTPL has been unable to repay due to financial difficulties. The original loan of Rs. 2.65 crore was sanctioned in March 2021 at 7% interest (later revised to 8% p.a.), and the Board has already created a full impairment provision for this in FY25.
This is a routine AGM notice and does not signal fresh negative news, as the Rs. 2.90 crore loan to CTPL has already been fully provided for in the FY25 accounts, so the write-off resolution formalises an existing accounting impairment. Shareholders should review the FY25 annual report attached and may vote on the special resolution for the loan write-off during the e-voting window. No material price-moving implications expected from the AGM items themselves.