Pursuant to Regulation 30 and Regulation 34 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, the 34th Annual Report of the Company for the FY 2024-25 containing ....
Awaiting price reaction for this filing.
Clenon Enterprises Ltd (formerly G.R. Cables Limited) has submitted its 34th Annual Report for FY 2024-25 to BSE. The 34th Annual General Meeting is scheduled for Monday, September 29, 2025 at 10:00 AM in Hyderabad. The company recently emerged from the Corporate Insolvency Resolution Process (CIRP), rebranded from G.R. Cables Limited, and was relisted on BSE on November 1, 2024. It has pivoted from cable manufacturing to crude oil processing, water treatment equipment, and agro products. Promoter holding stands high at 92.86%, with public shareholders at just 7.14%. Key AGM agenda items include re-appointment of a director, appointment of new Statutory Auditors (TRM & Associates replacing the resigning Gorantla & Co), appointment of new Secretarial Auditors (Pawan Jain & Associates for 5 years), and transfer of 15.09 acres of unused land and shed in Mahabubnagar to a newly formed wholly owned subsidiary, Clenon Properties Private Limited, for not less than Rs. 3 crore.
This is a routine annual report submission but includes notable changes: a switch in statutory auditors and a proposed transfer of immovable assets to a wholly owned subsidiary, which shareholders will vote on at the AGM. The extremely concentrated 92.86% promoter holding and the company's recent emergence from insolvency make this a high-risk, closely-held stock where retail investors should carefully review the annual report and the property transfer resolution before the September 22, 2025 record date.