Outcome of Board Meeting held on Thursday, 07th day of August, 2025 Approved Notice And Annual Report 2024-25 and Following: 1. Resignation of PHILIP FERNANDES& CO to resign with effect ....
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Prerna Infrabuild's board approved the 37th Annual Report for FY 2024-25 and called the AGM for September 8, 2025 via video conferencing. Existing statutory auditor Philip Fernandes & Co is being replaced by Shah & Jhalawadia, Chartered Accountants, for a 5-year term till the 2030 AGM. The board also approved reappointment of Mr. Vijay Shah (MD & CEO, age 77), Mr. Sanket Shah (MD & CFO), and Mrs. Nalini Shah (Whole Time Director, age 73), each for 5 years till September 2030. The board seeks shareholder approval to raise borrowing limits to Rs. 100 crore under Section 180(1)(c). Additionally, shareholders will vote on material related party transactions worth up to Rs. 3 crore with Somprerna Solitaire Infra LLP for FY 2025-26.
Routine governance items with no major negative signals. The auditor change and director reappointments are standard; the borrowing limit increase to Rs. 100 crore suggests plans for higher debt, which shareholders should monitor. The RPT approval is within ordinary course of business limits.