Proceedings of the 52nd Annual General Meeting held on 31st July, 2025.
PAUSHAKLTD · price
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Paushak Limited held its 52nd AGM on 31st July 2025 via video conferencing, chaired by Mr. Chirayu Amin with 85 members in attendance. All 9 resolutions were tabled, including adoption of FY25 financial statements, declaration of dividend on equity shares for FY24-25, and re-appointment of Mr. Chirayu Amin as director retiring by rotation. M/s. CNK & Associates LLP were appointed as new Statutory Auditors (replacing M/s. Haribhakti & Co. LLP), and M/s. Samdani Shah & Kabra as Secretarial Auditors. A significant special resolution was passed to raise the Board's borrowing limit from Rs. 100 Crores to Rs. 750 Crores (a 7.5x increase), along with enabling creation of charge over company assets. Commission was also approved for Non-Executive Director Mr. Udit Amin for FY24-25. Voting results are to be declared by 2nd August 2025.
Shareholders can expect a dividend payout for FY24-25. The sharp jump in borrowing limit signals possible expansion, capex, or acquisition plans ahead, which could mean higher debt in future quarters. The change in statutory auditors is a routine governance item to note.