Notice Of The 33rd Annual General Meeting Of The Company For Financial Year 2024-25
Awaiting price reaction for this filing.
Garodia Chemicals has called its 33rd AGM on Tuesday, September 30, 2025, at 4:00 PM via video conferencing, with deemed venue at its registered office in Ghatkopar (East), Mumbai. The AGM will cover adoption of audited financials for FY ended March 31, 2025, along with several board changes including the appointment of Mr. Ravindra Subhash Salunkhe as Managing Director for 5 years, reappointment of Mr. Salunkhe (who retires by rotation), and appointment of three new Independent Directors (Mr. Vikram Sabnis, Mr. Suraj Kodak, and Mrs. Megha Brahmankar) and one Non-Executive Director (Mrs. Bhagyashri Devrale), each for 5-year terms. The company also seeks shareholder approval to appoint M/s. S.V. Kulkarni and Associates as Secretarial Auditors for a 5-year period (FY 2025-26 to FY 2029-30). These director changes follow the company's Base Resolution Plan dated April 2024 and NCLT order dated February 24, 2025, indicating the company emerged from the insolvency resolution process. The e-voting cut-off date is Wednesday, September 24, 2025, and the remote e-voting window runs from September 27 to September 29, 2025.
Shareholders should review and vote on these resolutions, particularly the appointment of a new Managing Director and multiple Independent Directors, which mark a fresh leadership structure post the NCLT-approved resolution plan. The significant board overhaul and clean slate governance may signal a turning point for the company, potentially affecting long-term strategic direction and investor confidence.