Pusuanat to Section 30 of SEBI (LODR), 2015, this is to inform that the Board of Directors of the Company has passed the necessary resolution to make application to the Registrar of Companies, ....
Awaiting price reaction for this filing.
Maxgrow India Ltd has informed the BSE that its Board of Directors passed a resolution on September 11, 2025, to apply to the Registrar of Companies (ROC), Mumbai, for a three-month extension to hold its Annual General Meeting (AGM) for FY 2024-25. The original deadline was September 30, 2025, and the company is seeking to push it to December 31, 2025. The company cites five reasons for the delay: ongoing implementation of an NCLT-approved Resolution Plan involving structural and operational changes, enhanced listing compliances as a newly re-listed entity, restructuring of internal departments (Finance, Legal, Compliance), a vacancy in the Company Secretary position after the previous KMP resigned, and a commitment to higher governance standards before finalising financial statements and Board reports.
Shareholders will have to wait up to three additional months (until December 31, 2025) to attend the AGM, review FY25 financials, and exercise their voting rights. The combination of post-NCLT restructuring, a vacant Company Secretary role, and delayed AGM filing may raise governance concerns among investors and could weigh negatively on investor sentiment.