Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report for the Financial Year 2024-25.
Awaiting price reaction for this filing.
Minolta Finance Ltd has submitted its Annual Report for FY 2024-25 along with the notice for its 33rd Annual General Meeting (AGM) scheduled for Friday, September 19, 2025 at 11:00 AM via video conferencing. The AGM notice includes key business items: adoption of financial statements, re-appointment of Mr. Arvind Jethalal Gala as Director, appointment of new statutory auditor M/S JCR & Co. LLP for a 5-year term, approval of an Employee Stock Option Plan (ESOP 2025) covering up to 1 crore stock options at Rs. 1 per share, and shifting of the registered office from West Bengal to Maharashtra. The company also saw several board changes during the year, including appointment of new independent directors and resignations.
Shareholders should note key upcoming votes at the AGM, especially the ESOP scheme (potential dilution of up to 1 crore shares) and the proposed shift of registered office from West Bengal to Maharashtra. The change in statutory auditor and multiple board changes during the year are also worth tracking for governance signals.