AGM notice and Annual Report
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Relic Technologies Limited has filed the Notice of its 34th Annual General Meeting (AGM) and the Annual Report for FY 2024-25 with BSE. The AGM is scheduled for Friday, August 29, 2025 at 11:00 a.m. and will be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Key agenda items include adoption of audited standalone and consolidated financial statements, appointment of M/s. D. Kothary & Co. as new Statutory Auditors for 5 years (filling the casual vacancy caused by the resignation of M/s. Uday Pasad & Associates), and re-appointment of Mr. Baijoo Madhusudan Raval as Whole Time Director. A major agenda item is the alteration of the Object Clause of the Memorandum of Association to expand the company's permitted business into pharmaceuticals, nutraceuticals, wellness products, FMCG and dairy products, signalling a significant business pivot. The notice also seeks shareholder approval for material related party transactions with subsidiary Truhealthy Wellness Private Limited (up to Rs. 10 crore for purchases/sales and Rs. 25 crore for loans) and Section 185 loan/guarantee authority up to Rs. 25 crore.
The proposed change in the company's main objects points to a strategic shift into pharma, wellness and FMCG segments, which could reshape the business going forward. Shareholders should review the auditor change, the new Rs. 35 crore related-party exposure to Truhealthy Wellness, and the proposed Section 185 borrowing limits before voting at the AGM on August 29, 2025.