Attached herewith Notice of 84th AGM of the Company for F.Y. 2024-2025.
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Sayaji Industries has called its 84th AGM for Thursday, September 25, 2025 at 11:30 a.m. via video conferencing, with 10 resolutions on the agenda. The key resolutions include approval of a 3:1 bonus share issue, capitalizing ₹9.48 crore from securities premium and retained earnings as per the audited March 2025 financials. To support the bonus issue, the company proposes increasing its authorized share capital from ₹5 crore to ₹15 crore by creating 2 crore additional equity shares of ₹5 each. Other major items include the reappointment of Mr. Vishal P. Mehta as Executive Director & Joint CEO for 5 years (FY26-FY31) with a salary of up to ₹20 lakh per month, revision of Chairman & Managing Director Mr. Priyam B. Mehta's remuneration, reappointment of Mr. Amit Shah as Whole Time Director (Technical), and approval to invite public deposits. Routine items include the appointment of secretarial and cost auditors.
The proposed 3:1 bonus issue is a positive signal for shareholders, increasing share count without cash outflow. Investors should watch the executive remuneration hikes and the proposal to accept public deposits, which could indicate upcoming funding needs or expansion plans. Stock price typically reacts to bonus announcements, but the ex-bonus price adjustment should be kept in mind.