Notice of 14th AGM of the company to be held on Tuesday, September 30, 2025
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Novateor Research Laboratories has called its 14th AGM on Tuesday, September 30, 2025 at 3:00 PM IST in Ahmedabad, with the record date set as September 26, 2025. Six resolutions are on the agenda: (1) adoption of audited FY25 financial statements, (2) re-appointment of Mr. Jitin Jaysukh Doshi as director (retiring by rotation, holding 486,000 shares), (3) appointment of Mr. Anil Tilakraj Arora (DIN: 03469947) as Non-Executive Independent Director for 5 years, (4 & 5) shareholder approval for related party transactions of up to Rs. 30 Lakhs with Managing Director Mr. Navdeep Mehta and up to Rs. 125 Lakhs with Mr. Jitin Jaysukh Doshi for FY 2025-26, and (6) amendment of the Objects Clause of the MOA to add new business areas. The new MOA clauses enable the company to enter the dental equipment, instruments, consumables business and also chemicals, paints, coatings, and waterproofing services. Mr. Arora brings over 40 years of dental industry experience as an independent director.
Shareholders should note the company's planned diversification into dental products and chemicals/coatings through an MOA amendment, which signals a strategic shift from its existing operations. The related party transaction limits (Rs. 30L and Rs. 125L) are relatively modest and are stated to be at arm's length. The appointment of a senior dental industry veteran as independent director aligns with the new business direction. These are largely administrative and procedural items for shareholders to approve at the AGM.