Pursuant to the Regulation 34 of SEBI LODR Regulations, enclosed herewith is the Annual Report of Mipco Seamless Rings (Gujarat) Limited for the Financial Year 2024-25.
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Mipco Seamless Rings (Gujarat) Limited has submitted its 45th Annual Report for FY 2024-25 to BSE under Regulation 34 of SEBI LODR Regulations. The 45th Annual General Meeting is scheduled for Saturday, 27th September 2025 at 4:00 PM via video conferencing. Key items on the AGM agenda include adopting audited financial statements, appointing a new statutory auditor (M/s. Bijan Ghosh & Associates, replacing M/s. PPKG & Co), a major increase in authorised share capital from Rs. 7 crore to Rs. 25 crore, and a sweeping change in the company's object clause to include renewable energy, solar power, e-waste management, water treatment, and pollution control businesses. The company has also seen significant board changes during the year, including a new Whole-Time Director and new CFO.
Beyond routine compliance, the AGM agenda signals a major strategic pivot away from the original seamless rings business toward renewable energy and environmental services. The large jump in authorised share capital (from Rs. 7 crore to Rs. 25 crore) suggests potential fundraising plans. Shareholders should pay close attention to the auditor change and the fundamental shift in business direction.