Submission of notice of 14th Annual General Meeting on 17.09.2025
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Awaiting price reaction for this filing.
Parvati Sweetners and Power Limited has filed the notice for its 14th AGM to be held on Wednesday, 17 September 2025 at 11:30 AM through Video Conferencing (VC)/OAVM. Ordinary business includes adoption of audited financial statements for FY ended 31 March 2025 and re-appointment of Mr. Anupam Chouksey (DIN: 02110273), who retires by rotation. Special business includes: (1) ratification of Rs. 30,000 remuneration to Cost Auditors M/s. Sanjay Kasliwal & Associates for FY 2025-26; (2) appointment of M/s. Piyush Bindal & Associates as Secretarial Auditor for a 5-year term from this AGM until the 18th AGM in 2030; and (3) approval of remuneration up to Rs. 84 Lakhs per annum for Managing Director Mrs. Poonam Chouksey under Section II of Schedule V of the Companies Act, 2013 (applicable in case of inadequate or no profits). E-voting window runs from 14 September (9:00 AM) to 16 September (5:00 PM) 2025, with cut-off date of 10 September 2025.
Mostly routine AGM agenda, but the remuneration proposal for the Managing Director of up to Rs. 84 Lakhs (even in the absence of profits) and the 5-year lock-in of the new Secretarial Auditor are items shareholders should note. These are promoter-related decisions requiring special/ordinary resolutions and could draw attention from minority shareholders.