Notice of Annual General Meeting to be held on 17th September, 2025.
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Olatech Solutions Ltd (BSE SME, Scrip Code 543578) has issued the notice for its 11th AGM to be held on Wednesday, September 17, 2025 at 03:00 PM at its registered office in Navi Mumbai. Seven resolutions are on the agenda, including adoption of FY 2024-25 audited financial statements and re-appointment of Mr. Naved Iqbal (DIN 06685505) as Non-Executive Director retiring by rotation. A resolution seeks approval to appoint M/s Nikunj Kanabar & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). Another special resolution asks shareholders to approve director remuneration exceeding the 11% of net profits cap (up to 20%), including paying the Managing Director, Mr. Amit Kumar Singh, more than 5% of net profits. The company is also seeking approval for related party transactions of up to Rs. 5 crore with its subsidiary Olatech Digital Solutions Pvt Ltd for FY 2025-26, and a new Olatech ESOP Plan 2025 offering up to 2,00,000 stock options (face value Rs. 10 each) to employees of the company and group firms. Remote e-voting runs from September 14 to 16, 2025, with a cut-off date of September 10, 2025.
Mostly routine AGM business, but shareholders should watch three items: (1) the new ESOP 2025 plan, which could dilute equity by up to 2 lakh shares; (2) expanded director and MD remuneration beyond statutory limits; and (3) the Rs. 5 crore related party transaction ceiling with the subsidiary. Approval of all resolutions is required for these proposals to take effect.