39th Annual General Meeting of the Company to be held on Thursday, 28th August, 2025 at 02.00 P.M.
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Pet Plastics Ltd (BSE: 524046) has called its 39th AGM on Thursday, August 28, 2025 at 2:00 PM at the registered office in Opera House, Mumbai. Shareholders will vote on 15 resolutions, the most significant being a proposed change of company name to 'Bharatam Ventures Limited' and a complete overhaul of the main objects clause to pivot the business into financial services — including business correspondent, loan services, direct selling agent, and distribution of banking, insurance, and mutual fund products. The company is also seeking approval for related party transactions up to Rs. 100 crore for FY2025-26 with 8 related entities, and a divestment by assignment of Rs. 2 crore of advances to Pet Stock Brokers Ltd for just Rs. 35 lakh. Additional proposals include regularising two director appointments, appointing a new secretarial auditor for 5 years, and expanding borrowing/investment powers up to Rs. 200 crore each. E-voting runs from August 25 to 27, 2025, and the share register is closed from August 22 to 28.
This AGM signals a fundamental transformation of the company — from a plastics business into a diversified financial services entity under a new name, with significantly expanded borrowing limits and large related-party exposure. Shareholders should closely evaluate the name change, the new objects clause, and the Rs. 100 crore related-party basket, as approvals will materially reshape the company's business and risk profile.