Notice of 34th Annual General meeting and Annual Report.
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Relic Technologies Limited has notified its 34th Annual General Meeting scheduled for Friday, August 29, 2025 at 11:00 a.m., to be held via video conferencing. The AGM will seek shareholder approval for adoption of audited standalone and consolidated financial statements for FY 2024-25. Key special business items include appointment of M/s. D. Kothary & Co. as the new Statutory Auditor for a 5-year term (replacing the resigned M/s. Uday Pasad & Associates), a major alteration of the company's main objects clause to pivot into pharmaceuticals, nutraceuticals, wellness products, FMCG and dairy businesses, and approval of material related party transactions with its subsidiary Truhealthy Wellness Private Limited worth up to Rs. 35 crores (Rs. 10 cr for trade and Rs. 25 cr for loans). The notice also covers the appointment of Mr. Karthik Iyer as Executive Director (5 years), appointment of Ms. Neha Anant Thakore as Independent Director (5 years), and re-appointment of Mr. Baijoo Madhusudan Raval as Whole Time Director (2 years).
Shareholders should note a likely business pivot from a financial/non-banking entity into pharmaceuticals, nutraceuticals and FMCG, alongside significant inter-company transactions with the subsidiary. The auditor change (casual vacancy due to prior auditor's resignation) and multiple board changes are governance signals worth watching.