Pursuant to Regulation 30 and 34 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed Electronic Notice of the Annual General Meeting for the Year 2024-25.
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Pan India Corporation Ltd has sent out the electronic notice for its 41st AGM scheduled for Sunday, 3rd August 2025 at 10:30 AM, to be held via video conferencing. The AGM will consider the adoption of audited financial statements for FY ending 31st March 2025 and the re-appointment of Managing Director Mr. Vijay Pal Shukla, who retires by rotation. Shareholders will also vote on the appointment of Mr. Pawan Sharma as Non-Executive Director and Chairman (effective 5th May 2025), and the appointment of M/s Pritika Nagi & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30). Additionally, the AGM will consider a revision in MD Vijay Pal Shukla's remuneration, ranging from Rs. 1,35,000 per month (Oct 2025-Mar 2026) to Rs. 1,70,000 per month by FY 2027-28. A special resolution seeks shareholder approval to raise the company's overall borrowing limit up to Rs. 100 crore over the next five years under Section 180(1)(c) of the Companies Act, 2013.
For shareholders, this is a procedural AGM notice, but the borrowing limit increase to Rs. 100 crore suggests the company may be planning significant expansion or fundraising activity. The MD remuneration hike and leadership change (new Chairman) are governance matters that reflect ongoing restructuring. No immediate impact on share price is expected from the notice itself.