Brief Proceedings of 84th Annual General Meeting held on 25th September, 2025.
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Sayaji Industries Ltd held its 84th AGM on September 25, 2025 via video conferencing, attended by 44 members, and concluded in about 38 minutes. Shareholders approved the audited financial statements for FY 2024-25, with auditors giving unqualified reports. A key highlight is the approval of a bonus share issue in a 3:1 ratio (3 bonus shares for every 1 held), funded by capitalising about Rs. 9.48 crore from security premium and retained earnings. The meeting also cleared an increase in authorised share capital from Rs. 5 crore to Rs. 15 crore, acceptance of deposits from the public and shareholders, and the reappointment of Statutory, Secretarial and Cost Auditors. Additionally, remuneration and tenure extensions were approved for CMD Mr. Priyam B Mehta, Joint CEO Mr. Vishal P Mehta, and Whole-Time Director (Technical) Mr. Amit N Shah, with most appointments effective from April 1, 2026.
The 3:1 bonus issue is a meaningful reward for shareholders and will increase the share count, while the higher authorised capital gives the company room for future fundraising. Reappointments of key directors and auditors point to leadership continuity, though the acceptance of public deposits introduces additional financial liability to monitor.