This is to inform you that 4th (Fourth) Annual General Meeting ('AGM') of Safa Systems & Technologies Limited ('the Company') will be held on Friday, 18th July, 2025, at 12.30 P.M. (IST) ....
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Safa Systems & Technologies Limited has called its 4th Annual General Meeting on Friday, 18th July 2025 at 12:30 PM, to be held through video conferencing. Shareholders will consider adoption of audited standalone and consolidated financial statements for FY 2024-25. Key special business items include increasing the authorized share capital from Rs. 27.5 crores to Rs. 52 crores (alteration of MoA), re-appointment of Mr. Faizal Bavaraparambil Abdul Khader as Managing Director for 5 years effective December 7, 2024, and re-appointment of Ms. Sruthi Muhammed Ali as a Director liable to retire by rotation. Members will also vote on enabling loans, guarantees, securities and investments up to Rs. 200 crores under Section 186, loans up to Rs. 50 crores to director-related entities under Section 185, and appointment of M/s Amit Saxena & Associates as Secretarial Auditor for 5 years from FY 2025-26. Remote e-voting is open from July 15 to July 17, 2025, with cut-off date of July 11, 2025.
The near-doubling of authorized share capital and large loan/investment approvals (Rs. 200 cr + Rs. 50 cr) point to potential fundraising, expansion, or support for group entities in the pipeline. Re-appointment of the promoter Managing Director ensures leadership continuity, while the new Secretarial Auditor appointment is a routine governance step. Shareholders should review the use-of-funds rationale behind the capital hike and related-party loan resolutions before voting.