PRL_Annual Report 2024-25.
PROZONER · price
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Awaiting price reaction for this filing.
Prozone Realty has submitted the notice for its 18th Annual General Meeting along with the Annual Report for FY 2024-25 to the stock exchanges. The AGM is scheduled for Friday, 26th September 2025 at 3:00 PM, to be held via video conferencing. Key items on the agenda include adoption of audited standalone and consolidated financial statements for FY ending 31st March 2025, re-appointment of Mr. Bipin Gurnani (who retires by rotation), appointment of M/s HSPN & Associates as Secretarial Auditor for a 5-year term (FY2025-26 to FY2029-30) with proposed remuneration of Rs. 1.25 Lakhs plus taxes for FY2025-26, and re-appointment of Mr. Nikhil Chaturvedi as Managing Director for another 3 years effective 27th February 2026 at a salary of Rs. 1.80 Crore per annum plus commission. Remote e-voting will be open from 23rd to 25th September 2025, with a cut-off date of 19th September 2025.
This is largely a routine AGM filing, but shareholders should note the re-appointment of the Managing Director with a substantial annual salary of Rs. 1.80 Crore and the long-term appointment of a new Secretarial Auditor. The remuneration requires shareholder approval under Schedule V as the company's profits were deemed inadequate for such payout, which could draw investor attention.