Phoenix International Limited has filed with exchange the notice of 38th Annual General Meeting of company to be held on September 29, 2025.
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Phoenix International Limited has filed the notice for its 38th AGM scheduled for Monday, September 29, 2025, at 1:30 PM via video conferencing. The ordinary business includes adopting audited financial statements for FY ending March 31, 2025, and re-appointing Mr. Narender Kumar Makkar (Executive Director), who retires by rotation. Under special business, shareholders will vote on: (1) the appointment of Mr. Arun Gupta as Independent Director for a 5-year term (Nov 9, 2024 to Nov 8, 2029); (2) approval of a related party transaction for sale of Shoes Upper to Focus Energy Limited, valued at up to Rs 35 crore for FY 2025-26, which exceeds the Rs 2.4 crore material threshold (10% of FY24-25 consolidated turnover of Rs 24.05 crore); and (3) appointment of M/s Indu Sisodia & Associates as Secretarial Auditors for 5 years from April 1, 2025 to March 31, 2030. NSDL has been appointed as the e-voting agency, with remote e-voting open from September 26 to September 28, 2025, and September 22, 2025 as the cut-off date.
The biggest item for shareholders is the Rs 35 crore related party transaction with Focus Energy Limited, where company director/CS/CFO Narender Kumar Makkar and director Paruvatharayil Mathai Alexander also hold board positions—this requires shareholder approval due to potential conflict of interest. Reappointment of the long-serving director and induction of a new Independent Director are routine governance items, while the new 5-year secretarial auditor appointment strengthens compliance oversight. None of these resolutions materially alter the company's capital structure or dividends.