Submission of Notice of AGM scheduled to be held on 30th September, 2025
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The company has issued notice for its AGM on Tuesday, 30th September, 2025 at 12:00 PM at its registered office in Ahmedabad. Seven resolutions will be tabled: (1) adoption of audited FY25 financial statements, (2) appointment of Mrs. Khushbu Trivedi of Khushbu Trivedi & Associates as Secretarial Auditor for 5 years (till 2030 AGM) at Rs. 50,000 remuneration for FY26, (3) change of company name from 'Purple Entertainment Limited' to 'Purple Agrotech Industries Limited', (4-6) regularization of three directors including Mr. Naishadh Dineshbhai Modi as Executive Director and Mrs. Nidhi Sarkhedi and Mrs. Jalpaben Joshi as Independent Directors for 5-year terms, and (7) major alteration of the main object clause adding 9 new business areas. The new objects span agriculture and food processing, real estate, pharmaceutical/enzyme products, education, power/renewable energy, IT/software, publishing, and waste management/recycling — a complete pivot away from the entertainment business. E-voting window runs from 27-29 September 2025 with cut-off date of 23 September 2025.
This AGM is significant for shareholders as it effectively transforms the company from an entertainment business into a diversified entity with agrotech as its new identity, along with entry into multiple unrelated sectors. Shareholders should evaluate the new business direction and board composition carefully before voting. The name change, new objects, and director appointments are being passed as Special Resolutions, requiring stronger shareholder support.