Notice of 45th Annual General Meeting of the members of the company scheduled to be held on Monday, 15th September, 2025.
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The company has notified BSE about its 45th Annual General Meeting scheduled for Monday, 15 September 2025 at 2:00 PM at its registered office in Jaipur. E-voting will be open from 12 September (9 AM) to 14 September (5 PM), with 8 September as the cut-off date. Shareholders will vote on four items: adopting the FY25 audited financial statements, re-appointing Ms. Avanti Bajoria as a director (retirement by rotation), appointing Mr. Ramawatar Yadav as an Independent Director for five years (from 6 August 2025), and re-appointing Mr. Avinash Bajoria as Managing Director (designated as Chairman) for another three years from 15 October 2025 with a basic salary of Rs. 1 lakh per month and various perquisites. The explanatory statement also reveals that the company originally made LPG cylinders, valves and regulators but its manufacturing operations have been shut down and plant and equipment disposed of, with zero turnover reported in FY24 and FY25 and net losses of Rs. 137.08 lakh and Rs. 110.90 lakh respectively.
Shareholders should review the resolutions carefully, especially the managing director's reappointment and remuneration package, and the appointment of a new independent director. The disclosure of closed manufacturing operations and continued losses signals the company is no longer in active production, which may be relevant for long-term investors assessing the business direction.