Please find the attached Notice convening 40th Annual General Meeting with Annual Report for the financial Year 2024-25
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Sword-Edge Commercials Ltd has called its 40th AGM on 29 September 2025 at 11:00 AM via video conferencing, with the record date set as 19 September 2025. The notice includes routine items such as adoption of FY25 financial statements and the re-appointment of Director Sakshi Jhala, who retires by rotation. M/s. H Rajen & Co. is proposed as statutory auditor for a 5-year term (FY26 to FY30), alongside M/s. Ashok Patel & Associates as secretarial auditor for the same term. A major special resolution seeks to amend the company's object clause to add FinTech businesses, including setting up a payments bank (subject to RBI approval), payment aggregator services, payment gateway services, prepaid payment instruments, and related digital finance activities. Another resolution proposes consolidating every 10 equity shares of face value Re. 1 into 1 share of face value Rs. 10, keeping the total share capital unchanged at Rs. 22 crore but reducing the share count from 22 crore to 2.2 crore shares.
Shareholders should note two transformative proposals: a 10:1 share consolidation that will reduce share count and could impact liquidity and per-share metrics, and a business pivot into FinTech/payments requiring RBI approvals. The resolutions require special/ordinary majority approval at the AGM, so shareholder votes on these items will be critical.