Oriental Carbon & Chemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 28, 2025
Awaiting price reaction for this filing.
The company has notified the stock exchanges about its 45th Annual General Meeting (AGM) scheduled for Monday, July 28, 2025, to be held via video conferencing. The Annual Report for FY ending March 31, 2025 has been sent electronically to shareholders whose email IDs are registered. Key business items to be transacted include: (1) shifting the registered office from Gujarat to Uttar Pradesh (Special Resolution), (2) approval of commission/remuneration of up to Rs. 125 Lakh for Mr. Akshat Goenka (Non-Executive Director) for FY 2025-26, (3) appointment of Mrs. Mitali Gupta as Independent Director for 5 years, and (4) appointment of M/s. P. Sarawagi & Associates as Secretarial Auditor for 5 years (till 2030 AGM). Mr. Arvind Goenka will also retire by rotation and offer himself for re-appointment. Remote e-voting will be open from July 25 to July 27, 2025, with a cut-off date of July 21, 2025. Notably, the company has also been renamed from Oriental Carbon & Chemicals Limited to AG Ventures Limited.
The shift of registered office from Gujarat to Uttar Pradesh (where the corporate office already is in Noida) is a structural change with no immediate impact on shareholders but indicates consolidation. The proposed director remuneration of Rs. 125 Lakh and new appointments are routine corporate governance items that shareholders will vote on at the AGM. No dividend or earnings-related material is included in this filing.