Annual Report of FY 2024-25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Orient Beverages Ltd has filed its Annual Report for FY 2024-25 along with the Notice for the 64th Annual General Meeting scheduled for September 25, 2025, to be held via video conferencing. Key business items include re-appointment of Chairman Narendra Kumar Poddar, Managing Director Akshat Poddar, and Executive Director Ballabha Das Mundhra for another 5-year term. The notice also seeks approval for employment of two relatives of directors (Ruchira Poddar as Senior Executive and Avni Kandoi as President at Rs 2.5 lakh per month each), amendment to the Memorandum of Association to add a consultancy services clause, and an increase in the company's borrowing limit to Rs 150 crore. The Board has not recommended any dividend for FY 2024-25, and the company transferred 8,149 equity shares to the IEPF Authority during the year.
No dividend declared for FY 2024-25 means shareholders won't receive income payouts this year. Several resolutions involve related party transactions (relatives' employment and a proposed Rs 10 crore loan to Satyanarayan Rice Mill Pvt Ltd where directors are interested) that require shareholder approval, so retail investors should review these before voting at the AGM.