Intimation of Notice of 18th AGM to be held on 18th September, 2025
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Awaiting price reaction for this filing.
P. B. Films Limited has called its 18th AGM on Thursday, 18th September 2025 at 11:00 AM via video conferencing to seek shareholder approval on 10 items. Ordinary business includes adopting FY2024-25 audited financials and re-appointing Mr. Bidhan Sardar as a director (retiring by rotation). A notable governance change: M/s M G S A & Co is being appointed as Statutory Auditor to fill the casual vacancy caused by the resignation of Mr. Sunil Beriwal, with effect from 26th July 2025, and also for a fresh 5-year term until the 23rd AGM. The company is seeking approval to raise the managerial remuneration ceiling from the current 11% of net profits to ₹35 Lakhs per annum or 30% of net profits (whichever is higher), with sub-limits for MD/WTD at ₹25 Lakhs or 20% and other directors at ₹10 Lakhs or 10%. Other key proposals include raising the borrowing limit to ₹25 Crores (over and above paid-up capital and free reserves) and increasing investment/loan/guarantee limits under Section 186 to ₹35 Crores. Mr. Ashish Kumar Goenka is being appointed as a Non-Executive, Non-Independent Director. The e-voting window runs from 15-17 September 2025, with 11 September 2025 as the cut-off date.
The mid-term auditor change and sharp jump in proposed remuneration and borrowing/investment limits suggest the company is preparing for potential expansion or restructuring. Retail investors should monitor voting outcomes on the auditor appointment and the elevated financial flexibility being sought, as these can signal future capital deployment plans.