Summery proceedings of the 25th Annual General Meeting of the Company
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Paradeep Parivahan Ltd held its 25th AGM on September 19, 2025, at Empires Hotel, Paradeep Port, Odisha, chaired by Managing Director & CEO Mr. Khalid Khan. All 7 directors attended, including 3 independent directors, along with the CFO, Company Secretary, and statutory, internal, and secretarial auditors. Shareholders were given the option of remote e-voting from September 15-18, 2025, plus an additional 15-minute e-voting window during the meeting. A total of 12 resolutions were tabled, including adoption of FY25 audited financials, appointment of a new secretarial auditor, regularization of Mrs. Bushra Khan as Non-Executive Non-Independent Director, revision in MD remuneration, approval to borrow up to Rs. 300 crores from banks and financial institutions, increased lending/investment limits under Section 186, and approval of material related party transactions with M.R.T.C. (India) Pvt Ltd and Ask Logistiek Solutio Pvt Ltd. The meeting concluded at 1:10 PM; consolidated voting results and the scrutinizer's report will be filed separately.
The proposed Rs. 300 crore borrowing limit and expanded Section 186 lending authority point to potential expansion or increased inter-corporate financial activity. Investors should track the scrutinizer's report for final voting outcomes, particularly on special resolutions covering MD remuneration and related party transactions, as these tend to attract closer scrutiny.