Submission of 84th Annual General Meeting for the Financial Year 2024-2025.
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Sayaji Industries Limited has filed its 84th Annual Report for FY 2024-25 along with the notice for its AGM scheduled on Thursday, September 25, 2025 at 11:30 a.m. via video conferencing. Key items to be tabled at the AGM include approval of FY25 financial statements, reappointment of Mr. Vishal P. Mehta (Executive Director & Joint CEO) for 5 years till March 31, 2031 with salary up to ₹20 lakh/month, and reappointment of CMD Mr. Priyam B. Mehta for the period April 1, 2026 to March 31, 2028 with salary up to ₹20 lakh/month. The company also seeks shareholder approval to increase its Authorized Share Capital from ₹5 crore to ₹15 crore (creating an additional 2 crore equity shares of ₹5 each). Importantly, the company proposes a bonus issue of 3 new equity shares for every 1 existing share, capitalising up to ₹9.48 crore from securities premium (₹92.09 lakh) and retained earnings (₹8.55 crore). The notice also seeks approval to invite deposits from the public and to appoint new Secretarial and Cost Auditors.
The proposed 3:1 bonus issue and the threefold increase in authorised share capital are positive signals for shareholders, potentially improving liquidity and signalling management's confidence in the company's reserves. The AGM is routine compliance with no negative governance flags, though the substantial director remuneration proposals (up to ₹20 lakh/month for both the CMD and Executive Director) may attract attention from institutional shareholders.