PFA, the notice of 33rd Annual General Meeting of shareholders to be held on 30.09.2025
Awaiting price reaction for this filing.
Narbada Gems and Jewellery has called its 33rd AGM on 30th September 2025 at 1:00 PM via video conferencing. Key resolutions include adopting FY25 audited financial statements, re-appointing Mrs. Bhavna Sanghi as Director (retiring by rotation), and re-appointing M/s Anant Rao & Mallik as Statutory Auditors for 5 years till FY 2030. The company is seeking shareholder approval for material related party transactions of up to Rs. 50 crore each with Sanghi Jewellers Pvt Ltd and Uday Jewellery Industries Ltd for purchase/sale of manufactured products over Oct 2025-Sep 2026. Other items include appointing CS Ajay Suman Shrivastava as Secretarial Auditor for 5 years (Rs. 40,000 for FY25), re-appointing Mr. Sunil Garg as Independent Director for a second 5-year term, and appointing Mr. Dileep Kumar Jain as Independent Director. Director remuneration proposals include Mrs. Bhavna Sanghi's elevation to Whole Time Director at a monthly gross salary of Rs. 4 lakh and continuation of MD Sanjay Kumar Sanghi's remuneration at Rs. 6 lakh per month from 1 October 2025.
Routine AGM business with notable items being the Rs. 100 crore aggregate related party transaction limit with promoter-group entities and revisions to promoter-director remuneration. Shareholders should review the related party transactions and director remuneration carefully before voting on 29 September 2025.