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, with all directors and 85 members in attendance. Nine resolutions were transacted, including adoption of FY25 financial statements, declaration of dividend on equity shares for FY 2024-25, and re-appointment of Chairman Chirayu Amin (who retires by rotation). M/s. CNK & Associates LLP was appointed as the new Statutory Auditor, replacing the previous auditors. A notable special resolution raised the Board's borrowing limit from ₹100 Crores to ₹750 Crores — a 7.5x jump — along with approval to create charges over company assets. Commission payable to Non-Executive Director Udit Amin and ratification of the Cost Auditor's remuneration for FY 2025-26 were also approved. Voting results will be declared on or before 2nd August, 2025.
The sharp 7.5x increase in borrowing capacity signals major expansion, capex, or acquisition plans ahead, which could mean higher debt and dilution of equity if fundraising is involved. Dividend declaration and routine governance approvals are shareholder-friendly; the auditor change from Haribhakti & Co. to CNK & Associates is worth monitoring for any underlying reasons.