Please Find enclosed herewith a summary of the proceedings of 39th AGM of the shareholders of the company held on Thursday, 18th September 2025 at 01:00 PM through Video Conferencing ("VC")/Other ....
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Integrated Industries Limited held its 39th AGM on September 18, 2025, via video conferencing, with 105 members present and the meeting lasting 45 minutes (1:00 PM to 1:45 PM). Nine resolutions were tabled, including adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and re-appointment of Mr. Parmjit Singh as a director retiring by rotation. Special business items included approvals for increased borrowing limits under Section 180(1)(c), creation of charge/mortgage, investments and loans exceeding Section 186 limits, loans under Section 185, and material related party transactions with subsidiary Nurture Well Foods Limited. The company also proposed alteration of its Memorandum of Association to insert a new main object, suggesting plans to enter a new business area. E-voting results were pending and to be announced separately within regulatory timelines.
The proposed increase in borrowing limits and material related party transactions with subsidiary Nurture Well Foods Limited signal potential capital raising or expanded inter-group dealings, which shareholders should monitor. The MOA amendment hints at a possible business diversification, while the absence of the CFO (Mr. Anil Kumar) and non-executive director Mr. Paramjit Singh from the AGM may raise minor governance concerns among investors.