Please find attached AGM Notice along with the entire Annual Report of the Company.
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Ovobel Foods Limited has issued the notice for its 33rd Annual General Meeting to be held on Tuesday, 30 September 2025 at 3:00 p.m. through video conferencing, along with the annual report for FY 2024-25. Ordinary business includes adoption of FY25 audited financials and re-appointment of Mr. Syed Fahad as a director retiring by rotation. Special business seeks approval for appointment of Ms. Suman Bajoria as Secretarial Auditor for 5 years (FY 2026-2030) at Rs. 1.5 lakh remuneration, and re-appointment of Mr. Mysore Satish Sharad as Managing Director for another 5-year term starting 14 June 2026 at a base salary of Rs. 5 lakh per month. Other resolutions seek approval for related party transactions with Ashray Farms (purchase of eggs and sale of crushed egg shell powder), appointment of Mrs. Sukanya Satish as Non-Executive Promoter Director, and a 30-year land lease of 9.175 acres in Chitradurga, Karnataka from MD Mysore Satish Sharad at a refundable deposit of Rs. 1,26,29,233 plus Rs. 5,000 annual rent. E-voting window is 27-29 September 2025 and the register of members is closed from 24 to 30 September 2025.
This is a routine AGM notice covering standard items like director re-appointments and auditor appointment, but shareholders should note the related party transactions requiring approval, especially the 30-year land lease from the Managing Director and ongoing transactions with Ashray Farms, which minority shareholders may want to scrutinise.