Pilani Investment and Industries Corporation Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 30, 2025

Pilani Investment and Industries Corporation Limited has informed the stock exchanges about its 78th Annual General Meeting to be held on Monday, June 30, 2025 at 3:00 PM IST through video conferencing. The ordinary business includes adopting the FY25 audited financial statements, declaring a dividend on equity shares, and re-appointing Smt. Rajashree Birla (DIN: 00022995) as director retiring by rotation. A special resolution seeks shareholder approval to continue Smt. Rajashree Birla (aged about 80) as Non-Executive Director, as required by SEBI's rule for directors above 75 years. Another special resolution proposes raising the company's borrowing limit to ₹3,500 Crores under Section 180(1)(c) of the Companies Act, 2013, to fund organic and inorganic growth opportunities. An ordinary resolution seeks approval for material related-party transactions involving inter-corporate deposits/loans of up to ₹2,200 Crores to Birla Group Holdings Private Limited, ₹600 Crores to Applause Entertainment Private Limited, and ₹700 Crores to Azure Jouel Private Limited. The notice also proposes appointing M/s. K. C. Dhanuka & Co. as Secretarial Auditor for five years starting FY 2025-26. The cut-off date for e-voting eligibility is June 23, 2025, with remote e-voting open from June 26 to June 29, 2025.