Submission of Notice of 34th Annual General Meeting of the Company.
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Optimus Finance Ltd has issued the notice for its 34th AGM to be held on Tuesday, September 30, 2025 at 4:00 PM via Video Conferencing (VC/OAVM). Ordinary business items include adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025 and re-appointment of Mr. Dipak Raval as a Director retiring by rotation. Special business items include: appointment of Mr. Kamal A Lalani as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), approval for material related party transactions for FY 2026-27 with 8 named related parties including Maximus International, MX Africa, Maximus Global FZE, Maximus Lubricants LLC and Quebec Petroleum Resources covering loans, inter-corporate deposits and investments. The notice also seeks shareholder approval to raise the Board's borrowing and asset disposal limit to Rs. 100 Crores each, and to allow conversion of up to Rs. 20 Crores of loans from promoter/non-promoter groups into equity shares of the company.
Shareholders should note multiple proposals that could affect their stake and the company's capital structure — notably a potential Rs. 20 Crore loan-to-equity conversion (dilution risk) and expanded related party dealings. The sharp jump in the borrowing limit to Rs. 100 Crores and the asset disposal authorization could materially expand the Board's financial flex but also raise leverage concerns. Investors are advised to review the explanatory statement carefully before voting, with e-voting open from September 27-29, 2025 and the cut-off date set for September 23, 2025.