This is to inform you that the Annual General Meeting (AGM) of the Company is scheduled to be held on Tuesday, 30th September, 2025 at 11:00 a.m. at the corporate office of the Company ....
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Pyxis Finvest Limited has called its 20th Annual General Meeting (AGM) for Tuesday, 30th September, 2025 at 11:00 a.m. at its corporate office in Dalal Street, Mumbai, along with the Annual Report for FY 2024-25. Ordinary business includes adoption of FY25 audited standalone financial statements and the appointment of M/s. Bharat Gupta & Co., Chartered Accountants as statutory auditors for a 5-year term at an annual fee of Rs. 40,000. Special business includes regularization of Mr. Ajay Gokul Sharma as Independent Director for 5 years (22 July 2025 to 21 July 2030) and shareholder approval for several material related party transactions (RPTs) with promoter-linked BCB Brokerage Private Limited, including a proposed loan of up to Rs. 100 crore. Existing RPTs up for approval cover the MD remuneration of Rs. 84 lakh, CFO remuneration of Rs. 1 lakh per month, and routing of up to Rs. 10,000 crore per annum in stock exchange settlement funds through BCB Brokerage. The company's FY25 turnover was just Rs. 1.69 crore, meaning the proposed Rs. 100 crore loan equates to 59 times turnover and the Rs. 10,000 crore settlement routing equates to 5,917 times turnover, indicating very large related-party exposure relative to the company's size.
Shareholders should carefully evaluate the unusually large RPTs with BCB Brokerage Private Limited (which is 100% owned by the promoter's family) given the company's tiny Rs. 1.69 crore revenue base. Per SEBI rules, related parties including the promoter cannot vote on these RPT resolutions, so approval hinges on minority shareholder sentiment and could be a key governance checkpoint for the stock.