Notice of the 31st Annual General Meeting of the Company for the financial year 2024-25 will be held on 26th September, 2025 and E-Voting Particulars.
Awaiting price reaction for this filing.
Ushdev International Ltd has called its 31st AGM on Friday, 26th September 2025 at 11:00 AM in Mumbai, with e-voting open from 23rd to 25th September 2025 (cut-off date: 19th September 2025). The only ordinary business is adoption of the audited standalone and consolidated financial statements for FY 2024-25. The special business seeks shareholder approval to appoint M/s. Abhay Kumar Pal & Co. as Secretarial Auditor for five years (FY 2025-26 to 2029-30) at a proposed remuneration of Rs. 50,000 (excluding taxes) for the first year. Importantly, the AGM is being convened by the Interim Monitoring Agency (IMA), as the company's Board of Directors remains suspended under the ongoing Corporate Insolvency Resolution Process (CIRP) initiated in May 2018. The company is in deep insolvency trouble — the earlier resolution plan by Singapore-based Taguda Pte. Ltd. collapsed after the applicant failed to pay, its appeal was dismissed by the Supreme Court on 23rd July 2025, and the matter now sits with NCLT for a final liquidation decision.
Shareholders should note that this AGM is a procedural formality — there is no dividend, no equity-related action, and no operational announcement. The stock continues to trade under cloud of likely liquidation, with material risk that shareholders could face significant or total loss of value if NCLT orders winding-up. Attending/voting is mostly relevant for those who wish to record dissent on the financial statements or the auditor appointment.