Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, We hereby submitted notice convening 34th Annual ....
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Riddhi Siddhi Gluco Biols Limited has called its 34th AGM on Thursday, 25th September 2025 at 4:30 PM via video conferencing. The record date for dividend eligibility is 18th September 2025. Key items on the agenda include adoption of audited standalone and consolidated financial statements for FY25, declaration of a dividend on equity shares, and re-appointment of Mr. Ganpatraj Chowdhary (DIN: 00344816) as Managing Director for 3 years (Oct 2025 to Sep 2028) with a proposed salary of Rs. 3.5 crore per annum. Mr. Siddharth Chowdhary is being re-appointed as Whole Time Director for the same 3-year term with a proposed salary of Rs. 1.5 crore per annum. Mr. Mahendra Kumar Bhandari is proposed to be re-appointed as Independent Director for a second 5-year term (Aug 2025 to Aug 2030), and Mr. Kinjal Shah is proposed to be appointed as Secretarial Auditor for 5 years (FY26 to FY30). Shareholders are also being asked to approve material related party transactions of up to Rs. 50 crore with subsidiary Shree Rama Newsprint Limited (SRNL) for loans, guarantees, or security.
Shareholders should note the record date of 18th September 2025 to be eligible for the FY25 dividend. Key items requiring shareholder approval include substantial executive remuneration (Rs. 5 crore combined for MD and WTD) and a material related party transaction of up to Rs. 50 crore with subsidiary SRNL — these special resolutions could draw attention given the promoter-related director re-appointments and the size of the inter-company financial arrangement.