Please find enclosed Notice of 39th AGM and Annual Report for FY 2024-25
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Restile Ceramics Limited has called its 39th Annual General Meeting for Tuesday, September 09, 2025 at 12:00 noon, to be held via video conferencing. Shareholders will consider adoption of audited financial statements for FY 2024-25 and re-appointment of Ms. Hasmita Taunk as director (retiring by rotation). A key item is approval of material related party transactions with Bell Granito Ceramica Limited worth up to Rs. 500 Lakhs for FY 2025-26, involving purchase of vitrified tiles at list price less 5%. Other resolutions include authorising borrowings up to Rs. 50 Crores beyond paid-up capital and reserves, and appointing Mitesh Shah & Co. as Secretarial Auditors for a five-year term starting April 2025. E-voting opens on September 05 and closes on September 08, 2025, with the book closure period running September 03-09, 2025.
This is routine annual governance business. The Rs. 500 lakh related party purchase from Bell Granito Ceramica Limited and the Rs. 50 Crore expanded borrowing limit are standard items requiring shareholder approval. Shareholders should review the related party terms, as the promoter family directors (Rathods) are connected to Bell Granito Ceramica Limited.