Please find the attached Intimation of AGM
Awaiting price reaction for this filing.
Cresanto Global Ltd has notified its 33rd AGM to be held on Monday, 29th September 2025 at 4:00 PM via video conferencing. The book closure period runs from 22nd September to 29th September 2025, with the cut-off date for e-voting set as 22nd September 2025; remote e-voting opens on 25th September (9:00 AM) and closes on 28th September (5:00 PM) via NSDL. Key business items include adoption of FY25 audited financials, re-appointment of Mr. Nishant Nathmal Bajaj as director (retiring by rotation), appointment of M/s Nidhi Bajaj & Associates as Secretarial Auditor for 5 years (FY26–FY30), and approval of related party transactions of up to Rs. 62.5 crore with group entities. A special resolution seeks shareholder approval to formally change the company name from 'Raymed Labs Limited' to 'Cresanto Global Limited'.
Shareholders should note the proposed capital reduction, which would cut paid-up share capital from Rs. 4.27 crore to Rs. 42.7 lakh by cancelling 38.46 lakh shares (about 90% of total) to write off accumulated losses of Rs. 3.85 crore out of Rs. 6.86 crore. While this is a balance-sheet cleanup that simplifies future financials, it is highly dilutive on a per-share basis, so existing investors should review this resolution carefully before voting. The large related-party transaction limits and name change are routine but worth tracking for governance.