Safa Systems & Technologies Limited has submitted to Stock Exchange, a copy of Annual Report for the Financial Year 2024-25.
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Safa Systems & Technologies Limited has submitted its 4th Annual Report along with the AGM notice for FY 2024-25 to BSE. The 4th Annual General Meeting is scheduled for Saturday, July 5, 2025, at 12:30 PM via video conferencing. Key business items include adoption of FY25 audited financial statements and re-appointment of Ms. Sruthi Muhammed Ali as Director. Special business includes a proposal to increase authorized share capital from Rs. 27.5 crore to Rs. 42 crore (from 2.75 crore to 4.20 crore equity shares of Rs. 10 each), re-appointment of Mr. Faizal Bavaraparambil Abdul Khader as Managing Director for 5 years effective December 7, 2024 at Rs. 18.20 lakhs remuneration, and approval to give loans, guarantees or make investments up to Rs. 200 crore under Section 186, plus up to Rs. 50 crore under Section 185. Appointment of M/s Amit Saxena & Associates as Secretarial Auditor for 5 years from FY 2025-26 is also on the agenda. Remote e-voting opens July 2, 2025 (9 AM) and closes July 04, 2025 (5 PM), with cut-off date of June 28, 2025.
Shareholders should review and vote on these resolutions, as the proposed 53% increase in authorized share capital suggests future fundraising or expansion plans. The large borrowing and investment limits (up to Rs. 250 crore combined) signal potential aggressive growth or M&A activity. Re-appointment of the Managing Director ensures leadership continuity.