Notice of Annual General Meeting to be held on 22.12.2025 and Annual Report for the F.Y 2024-25
Awaiting price reaction for this filing.
Taaza International Limited (BSE Scrip Code: 537392) has filed the notice of its 25th AGM scheduled for December 22, 2025 at 11:00 a.m. via video conferencing, along with the Annual Report for FY 2024-25. The cut-off date for e-voting eligibility is December 15, 2025, with remote e-voting open from December 19-21, 2025. Key agenda items include adoption of FY25 financial statements, re-appointment of director Venkatesh Challa, re-appointment of statutory auditors Boppudi & Associates for 5 years at Rs. 1 lakh per annum, and appointment of P. Srinivas & Associates as Secretarial Auditors for 5 years. The Directors' Report reveals the company underwent Corporate Insolvency Resolution Process (CIRP) initiated by NCLT on October 1, 2024, with the Resolution Plan approved on June 12, 2025. Consequently, the entire promoter shareholding (15.24 lakh shares) and 95% of public shareholding (57.33 lakh shares reduced to 2.87 lakh shares) were extinguished. The company reported no revenue, a net loss of Rs. 5.29 lakhs, negative reserves of Rs. 24.85 lakhs, and has shifted its business focus to electric vehicles.
Public shareholders have already suffered a 95% extinguishment of their shareholding as part of the insolvency resolution plan. With trading suspended since May 2024 and revocation still pending, the stock remains illiquid. The pivot to electric vehicles and post-CIRP restructuring may offer a fresh start, but with zero revenue, accumulated losses, and a drastically reduced equity base, the stock carries significant risk for any remaining retail shareholders.