This is to inform you that the Extra- Ordinary General Meeting (EGM) of the Company will be held on Thursday, February 12, 2026 at 11:00 AM at the Registered Office of the Company. The ....
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Saffron Industries Ltd has called an Extra-Ordinary General Meeting (EGM) on Thursday, February 12, 2026 at 11:00 AM at its registered office in Nagpur. The EGM has two special business items. First, shareholders will vote on the re-appointment of Mr. Manoj Rameshwar Sinha (DIN: 07564967) as Whole-time Director for another 3 years (January 6, 2026 to January 5, 2029) with a consolidated monthly remuneration of Rs. 1,18,000 (capped at Rs. 2,00,000 per month). Second, shareholders will consider a special resolution to approve granting loans and advances to group/associate companies up to Rs. 15 Crores under Sections 185 and 186 of the Companies Act, 2013, exceeding the standard statutory limits. Remote e-voting will be available from February 9 to February 11, 2026, with the cut-off date set as February 5, 2026. Mr. Sinha has over 20 years of experience in property acquisition, development, and management, and previously served as Production Manager in newspaper operations.
For shareholders, this is primarily a governance event requiring their vote. The re-appointment of the Whole-time Director signals management continuity. The Rs. 15 Crore loan approval to group companies gives the board significant financial flexibility but also increases related-party exposure, which shareholders should evaluate carefully before voting.