Proceedings of the 36th Annual General Meeting (''''AGM'''') held on 24th September, 2025
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South Asian Enterprises held its 36th AGM on 24th September 2025 via video conferencing, chaired by Shri Adesh Kumar Jain and addressed by Managing Director Shri Tej Bhan Gupta. Three resolutions were transacted: (1) adoption of audited standalone and consolidated financial statements for FY ended 31st March 2025, (2) re-appointment of Shri Abhinav Shobhit (DIN: 10155183) as a director retiring by rotation, and (3) a special resolution to write off a loan given to Chai Thela Private Limited (CTPL) along with unpaid interest. The meeting was informed that there were no adverse remarks or qualifications in the Statutory Auditors' Report or the Secretarial Auditors' Report. One speaker registration was received but the member was not available when called, and no shareholder questions were raised. The meeting concluded at 12:44 p.m., and voting results were to be announced within two working days.
This is a routine AGM disclosure with standard financial and director-related resolutions. The noteworthy item is the proposed write-off of the CTPL loan and unpaid interest, which means shareholders are formally approving the company to treat that amount as a loss — a minor negative signal on recoverability of that exposure, though no other red flags were flagged in the audit reports.