Notice of Annual General Meeting of the company to be held on 30th September, 2025
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Rajnish Wellness Limited has sent the notice for its 10th AGM to be held on Tuesday, September 30, 2025, at 12:30 PM via Video Conferencing (VC/OAVM). The AGM will consider six items including adoption of FY25 financial statements, re-appointment of director Saloni Mehra, ratification of a ₹8.28 crore related party transaction with Rajnish Retail Limited, and approval of related party transactions up to ₹10 crore for FY26. Shareholders will also be asked to approve borrowings of up to ₹25 crore from Managing Director Rajnishkumar Singh and up to ₹10 crore from CFO Mihir Patwa, along with the appointment of M/s HSPN & Associates LLP as Secretarial Auditors for a 5-year term (FY26 to FY30). The company's FY25 financials show total income of ₹4,908.49 lakhs, a sharp drop from ₹7,668.46 lakhs in FY24, with net profit falling to ₹17.30 lakhs from ₹103.32 lakhs. No dividend has been proposed for FY25. E-voting window runs from September 27 to September 29, 2025.
The AGM agenda is largely procedural, but shareholders should note the significant year-on-year decline in both revenue (~36%) and net profit (~83%), the absence of any dividend, and several related party transactions requiring their approval. The proposed borrowings of up to ₹35 crore from directors and the CFO are notable as they signal continued reliance on insider funding. A rights issue of up to ₹49.90 crores was approved by the board in December 2024.