Proceedings of 41st Annual General Meeting held on Sunday, 03rd August, 2025 at 10:30 A.M. through Video Conferencing
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pan India Corporation Limited held its 41st Annual General Meeting on Sunday, August 3, 2025, via video conferencing from 10:30 AM to 10:45 AM, with 54 members attending. Chairman Pawan Sharma briefed members on the company's financial performance for FY ended March 31, 2025, and the audited financial statements, board report, and auditor's report were taken as read. Ten shareholders registered as speakers and their questions were satisfactorily answered. Five resolutions were transacted: (1) adoption of standalone audited financial statements for FY25, (2) reappointment of Vijay Pal Shukla as Director retiring by rotation, (3) appointment of Pawan Sharma as Non-Executive Non-Independent Director and Chairman, (4) revision in remuneration of Managing Director Vijay Pal Shukla, and (5) increase in overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013 as a Special Resolution. Voting results were to be announced within the stipulated time by the scrutinizer Pritika Nagi.
The Special Resolution to raise borrowing limits is the most notable item, giving the company greater flexibility to take on more debt for operations or expansion. Reappointment of the existing MD and appointment of a new Chairman indicate leadership continuity with a change at the chair position, while the MD remuneration revision warrants a look at the final approved quantum once disclosed.