We hereby enclose the notice of 20th Annual General Meeting scheduled to be held on Tuesday 30th September, 2025 at 11:00 a.m. at the corporate office of the Company at 1207A, P.J. Towers, ....
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Pyxis Finvest has called its 20th AGM on September 30, 2025 at 11:00 a.m. in Mumbai. Shareholders will vote on adopting FY25 financial results and appointing M/s. Bharat Gupta & Co. as statutory auditor for 5 years at Rs. 40,000 per year. A key proposal seeks shareholder approval to give a loan of up to Rs. 100 crore to BCB Brokerage Pvt Ltd, a company fully owned by the promoter's family — this is 59 times the company's standalone turnover of Rs. 1.69 crore. Existing related-party deals also need approval, including the Managing Director's pay (up to Rs. 84 lakh a year), the CFO's pay (Rs. 1 lakh a month), and routing up to Rs. 10,000 crore of stock-exchange settlement funds annually through BCB Brokerage. Mr. Ajay Gokul Sharma is being regularized as Independent Director for a 5-year term till July 2030. The company is listed on BSE's SME platform, so voting will be by show of hands only.
Shareholders should focus on Items 4 and 5 — the Rs. 100 crore loan to a promoter-related entity and the Rs. 10,000 crore fund-routing arrangement are very large relative to the company's tiny Rs. 1.69 crore turnover. Related parties cannot vote on these resolutions, so approval depends on non-promoter shareholders turning out. A 'No' vote or large abstention could send a negative signal about governance, while approval is likely given the promoter's 72.49% indirect holding in BCB Brokerage.