Notice of the 31st AGM to be held on 30th September, 2025 is enclosed.
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Sawaca Enterprises Limited (BSE Scrip: 531893) has issued the notice for its 31st Annual General Meeting scheduled for Tuesday, 30th September 2025 at 2:00 PM via Video Conferencing. The agenda includes adopting the audited financial statements for FY ended March 31, 2025, re-appointing Mr. Satishkumar R Shah (who retires by rotation), and appointing M/s. Shah Sanghvi & Associates as the new statutory auditor (replacing M/s. MAAK & Associates) for a term till the 36th AGM in 2030. A special resolution seeks to re-appoint Mr. Shetal S. Shah as Chairman and Managing Director for 5 years with a salary of Rs. 25 lakh per annum plus perquisites and commission capped at 5% of net profits. Two additional directors, Mrs. Binaben Vijaykumar Shah and Mr. Kishor Girishbhai Shah, are proposed to be regularised as Independent Directors till September 2030, and Shah & Shah Associates is proposed as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30).
Routine AGM business with routine director re-appointments and an auditor change. The re-appointment of the promoter Managing Director with minimum remuneration guarantees even in years of inadequate profits is the most notable item for shareholders to review. No material financial or strategic impact is expected on the share price from this notice alone.