Revised - Proceedings of 41st Annual General Meeting held on Sunday, 03rd August, 2025 at 10:30 A.M.
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Pan India Corporation Limited held its 41st AGM on Sunday, 3rd August 2025 via video conferencing. A total of 54 members attended, with 10 shareholders raising questions and expressing satisfaction with the company's performance. Six resolutions were transacted, including adoption of audited standalone financial statements for FY25, re-appointment of Managing Director Vijay Pal Shukla (who retires by rotation), appointment of Pawan Sharma as Non-Executive Non-Independent Director and Chairman, appointment of Pritika Nagi & Associates as Secretarial Auditor, revision in the Managing Director's remuneration, and an increase in the company's overall borrowing limits under Section 180(1)(c) of the Companies Act (passed as a Special Resolution). Voting was conducted through remote e-voting (31st July to 2nd August 2025) and e-voting during the meeting, with results to be announced within the stipulated time.
The Special Resolution to raise borrowing limits signals the company may be planning higher debt or refinancing activity, which shareholders should watch closely. Changes in Chairman, MD remuneration revision, and secretarial auditor appointment are routine governance updates but could affect leadership continuity and cost structure going forward.