32nd Annual Report of the Saboo Sodium Chloro Limited for the FY 2024-25
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Saboo Sodium Chloro Ltd submitted its 32nd Annual Report for FY 2024-25 to BSE, along with the AGM notice. The 32nd AGM will be held on Saturday, September 27, 2025 at 11:30 AM via video conferencing. Key business items on the agenda include seeking shareholder approval for material related party transactions with Spectrum Foods Limited (estimated at Rs. 20 crore for FY 2025-26, up sharply from Rs. 10.06 crore in FY 2024-25) and rent payments to Managing Director Mr. Girdhar Saboo (Rs. 25 lakhs). The company also proposes transferring its Samskara Resorts business unit to its subsidiary Samskara Resorts Private Limited on a going concern basis at book value, and increasing the MD's basic salary from Rs. 4 lakh to Rs. 5 lakh per month. M/s Naredi Vinod and Associates is being appointed as Secretarial Auditor for a five-year term.
Shareholders will vote on a significant jump in related party transaction limits with a promoter-group company (Spectrum Foods), a business hiving-off to a subsidiary, and a pay hike for the MD. The rising RPT exposure — particularly a several-fold increase with Spectrum Foods versus prior years — warrants close attention despite management's arm's-length certification.