Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the members at the 34th Annual General Meeting (AGM) of the Company held on Monday, ....
Awaiting price reaction for this filing.
Clenon Enterprises Ltd held its 34th Annual General Meeting on September 29, 2025, in Hyderabad. Shareholders approved the adoption of standalone financial statements and the re-appointment of a director retiring by rotation. M/s. Pawan Jain & Associates was appointed as Secretarial Auditor for a five-year term until the 2030 AGM. M/s. TRM & Associates was appointed as Statutory Auditor, both to fill a casual vacancy caused by the resignation of M/s. Gorantla & Co., and for a full five-year term through the 2030 AGM. Members also approved the sale of a property/undertaking under Section 180(1)(A) of the Companies Act, 2013, with an expected consideration of not less than Rs. 3 crore (or higher per SRO valuation), to a wholly-owned subsidiary to be incorporated. The sale is expected to be completed within 12 months and is a related-party transaction carried out at arm's length.
Routine AGM housekeeping for most items, but the Rs. 3 crore+ asset sale to a wholly-owned subsidiary is a notable corporate action — shareholders should watch for completion timelines and how the proceeds are redeployed, as it could reshape the company's asset base.