Please find attached Notice of the Annual General Meeting of Peoples Investments Limited.
Awaiting price reaction for this filing.
Peoples Investments Limited has announced its 49th AGM to be held on Tuesday, August 19, 2025 at 2:30 p.m. via video conferencing, along with the submission of its Annual Report for FY 2024-25. For the year ended March 31, 2025, the company reported total revenue of Rs. 5,00,000 (down from Rs. 6,00,000 in FY24) and a net loss after tax of Rs. 2,12,430 (compared to a loss of Rs. 17,750 in FY24), with accumulated deficit of Rs. 34,07,960. No dividend was recommended due to losses, and the company currently has only one employee. Shareholders will vote on ordinary business items including adoption of financial statements and re-appointment of Shri Jitender Agarwal, plus special business including the appointment of Shri Atul Dharap as Independent Director for 5 years, appointment of M/s. Kaushik Joshi & Co. as Secretarial Auditor for FY 2025-26 to 2029-30, and re-appointment of Shri Venkatesh Ramaswami as Manager for 3 years without remuneration.
The AGM is largely procedural, but shareholders should note the company's worsening financial position with the loss after tax increasing nearly 12-fold over the previous year and no dividend being declared. Voting is via remote e-voting through NSDL (EVEN: 134732) with cut-off date of August 12, 2025; shareholders need to ensure their email addresses are registered with the company or depository to receive the notice and participate.