ORTIN GLOBAL LIMITED has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on August 25, 2025
ORTINGLOBE · price
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Ortin Global Limited has called an Extraordinary General Meeting on August 25, 2025 at 3:00 PM via video conferencing to seek shareholder approval for five special resolutions, all relating to director appointments. The items include the appointment of Mr. Sarang Balbhimrao Patodekar as Chairperson and Independent Director, Mr. Ajay Vishwakarma and Ms. Mounika Pammi as Independent Directors (all for 5-year terms), and Mr. Prashant Prakash Sawant and Mrs. Prakruti Prashant Sawant as Whole-time Directors for 3 years at a monthly remuneration of Rs. 55,000 each. The company disclosed weak financials, with turnover falling sharply from Rs. 602.03 lakhs (FY22-23) to Rs. 34.22 lakhs (FY24-25) and continued net losses of Rs. 84.64 lakhs in FY24-25. The EGM will be conducted through VC/OAVM with remote e-voting facility provided by KFin Technologies, with cut-off date of August 18, 2025.
This is largely a board restructuring exercise — adding three independent directors and two whole-time directors — which could bring fresh expertise given the company's declining revenues and persistent losses. Shareholders should note the company's weak financial health and the relatively modest remuneration proposed for executive directors.