This is to inform you that 4th (Fourth) Annual General Meeting ('AGM') of Safa Systems & Technologies Limited ('the Company') will be held on Saturday, July 05, 2025, at 12.30 P.M. (IST) ....
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Safa Systems & Technologies Limited (BSE: 543461) has issued notice for its 4th Annual General Meeting scheduled for Saturday, July 5, 2025 at 12:30 PM, to be held via video conferencing. Key agenda items include adoption of the audited Standalone and Consolidated financial statements for FY 2024-25, increasing the authorised share capital from Rs. 27.50 crore (2.75 crore equity shares of Rs. 10 each) to Rs. 42 crore (4.20 crore equity shares), and consequential alteration of the Memorandum of Association. Shareholders will also vote on the re-appointment of Mr. Faizal Bavaraparambil Abdul Khader as Managing Director for a fresh 5-year term from December 7, 2024 at a remuneration of Rs. 18.20 lakhs, the re-appointment of Ms. Sruthi Muhammed Ali as a Director liable to retire by rotation, and appointment of M/s Amit Saxena & Associates as Secretarial Auditor for 5 years starting FY 2025-26. Two other resolutions seek shareholder approval to give loans, guarantees and investments up to Rs. 200 crore under Section 186, and up to Rs. 50 crore under Section 185 (to entities in which directors are interested). Remote e-voting opens July 2, 2025 (9:00 AM) and closes July 4, 2025 (5:00 PM), with June 28, 2025 as the cut-off date.
The sizeable jump in authorised share capital and broad lending/guarantee limits suggest management is preparing headroom for a potential fundraising or related-party financial activity in the near term, which existing shareholders should watch closely. The MD's reappointment is back-dated to December 2024, so shareholders are effectively being asked to ratify the continuation already in place.