Pursuant to provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copy of Notice convening 34th Annual ....
Awaiting price reaction for this filing.
Clenon Enterprises Ltd has filed the notice for its 34th Annual General Meeting scheduled for Monday, 29 September 2025 at 10:00 AM in Hyderabad. The agenda includes adopting FY25 audited financial statements, re-appointing Mr. Srinivas Pagadala as a Non-Executive Non-Independent Director (retiring by rotation), appointing M/s. Pawan Jain & Associates as Secretarial Auditors for five years, and appointing M/s. TRM & Associates as Statutory Auditors for five years to fill the casual vacancy left by the resignation of M/s. Gorantla & Co. A key item seeks shareholder approval to sell an unused 15-acre land parcel (plus 9 guntas) in Mahabubnagar, Telangana, to a newly incorporated wholly-owned subsidiary (Clenon Properties Private Limited) for not less than Rs. 3 crore (or SRO valuation, whichever is higher), paid via equity shares of the new subsidiary. The wholly-owned subsidiary will pursue warehousing, logistics, and allied development opportunities, and proceeds will be used to repay loans and for general business purposes.
The auditor change and the proposal to hive off idle land into a wholly-owned subsidiary are noteworthy for shareholders — the property transfer could unlock value of a non-core asset but also introduces execution risk. E-voting runs from 26–28 September 2025, with the cut-off date set at 22 September 2025, so eligible shareholders should review and vote on the resolutions.