Notice of Annual General Meeting of the company to be Held on 30th September, 2025.
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Rajnish Retail Ltd has issued the notice for its 31st Annual General Meeting (AGM) scheduled on Tuesday, September 30, 2025, at 11:00 AM via video conferencing. The AGM seeks shareholder approval to adopt the audited financial statements for FY 2024-25, re-appoint Mr. Vijay Kumar Chopra (Whole-Time Director & CFO) who retires by rotation, and formally appoint Mr. Saurabh Gakhar as Independent Director for a 5-year term (July 4, 2025 to July 3, 2030). It also seeks ratification of related party transactions worth ₹8.28 crore with Rajnish Wellness Limited (advances given in FY 2024-25) and approval for further related party transactions up to ₹10 crore for FY 2025-26, including unsecured borrowings of up to ₹10 crore from Executive Director Mr. Rajnishkumar Singh and managerial remuneration of up to ₹10 crore for Whole-Time Director Mr. Anandkumar Jain. Additionally, the company proposes appointing M/s HSPN & Associates LLP as Secretarial Auditors for a 5-year term (FY 2025-26 to 2029-30) in line with new SEBI norms. The notice and annual report have been sent electronically and are available on the company's website, BSE, and NSDL's e-voting portal.
Shareholders should review these resolutions carefully, particularly the related party transactions which form a substantial portion of business activity and involve directors. Approval of the borrowings from the Executive Director and managerial remuneration signifies increased financial interlinking with the promoter group, which minority shareholders should monitor. The AGM is procedural but includes multiple related-party items requiring shareholder votes that related parties are barred from participating in.