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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Prospect Consumer Products Ltd has called its Third AGM on Friday, September 26, 2025 at 1:00 P.M. at its registered office in Ahmedabad. Routine items include taking on record the audited FY25 standalone financial statements and reappointing Mrs. Riddhi Bharatkumar Vasita as a director (retiring by rotation). Key special items include raising authorised share capital from ₹6.50 crore to ₹7.50 crore (65 lakh to 75 lakh equity shares of ₹10 each) and issuing 7 lakh convertible warrants at ₹100 each (₹90 premium) on a preferential basis to three promoter-group allottees — Vimal Sureshbhai Mishra, Priyanka Vimal Mishra and Prakash Mishra — aggregating up to ₹7 crore. Members will also be asked to waive recovery of excess bonus of ₹1.50 lakh each paid to the Managing Director and Director for FY25, ratify a keyman insurance policy on a KMP (up to ₹3 lakh/month premium), and approve a rise in remuneration of the Managing Director and a Director from ₹19.5 lakh per annum with Board authority to push it up to ₹84 lakh per annum. No dividend has been recommended for FY25.
Existing shareholders may see equity dilution if all 7 lakh promoter warrants are converted, but the ₹7 crore infusion strengthens the company's capital base. The higher MD/Director pay and waiver of excess remuneration are governance points minority shareholders should watch closely.