Held on 30th September 2025 at 12.00 PM.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sarup Industries Limited held its 46th AGM on 30th September 2025 via video conferencing, lasting only 20 minutes. 19 members representing 19,71,334 shares attended the meeting. The Managing Director highlighted that sales for the first two quarters of FY2025-26 are expected to grow by around 35% compared to the same period last year. The company significantly reduced its borrowings from Rs. 7.72 crore to Rs. 3.08 crore in FY2024-25, cutting borrowing costs from Rs. 1.02 crore to Rs. 0.42 crore. A new machine was imported and installed at the Una, Himachal Pradesh manufacturing facility using internal funds. The company has launched a new brand called 'Lotus Bawa' for men's real leather shoes, with a ladies' segment planned soon. All three ordinary resolutions were passed with requisite majority, including adoption of FY25 audited financials, re-appointment of Mrs. Harjinder Kaur, and appointment of M/s. Dinesh Gupta & Co. as Secretarial Auditors.
Positive for shareholders — the company is showing strong revenue growth (~35%), debt reduction improving financial health, capacity expansion without new borrowing, and a new branded product launch that could boost margins. The short, efficient 20-minute meeting with all resolutions passed smoothly suggests no shareholder dissent on key matters.