Notice of 40th Annual General Meeting of the Company
SGMART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SG Mart Ltd (formerly Kintech Renewables Limited, BSE Scrip: 512329) has issued the notice for its 40th AGM, scheduled for Saturday, September 20, 2025, at 1:00 PM via video conferencing. Ordinary business includes adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and re-appointment of Mr. Amit Thakur (DIN: 10732682), Whole-time Director, who retires by rotation. Special business includes appointing M/s Parikh & Associates as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30) at ₹1 lakh per annum, and confirming the appointment of Mr. Arun Agarwal (DIN: 10067312) as Non-Executive Director (earlier appointed as Additional Director from July 25, 2025). Shareholders will also vote on repricing of existing ESOPs granted under the Kintech Renewables ESOP Scheme 2023 and approving a new 'SG Mart ESOP 2025' plan covering up to 20,00,000 options to be implemented through an irrevocable Employee Welfare Trust via secondary market acquisition, with the company permitted to lend up to 5% of paid-up capital and free reserves to the trust.
Routine AGM agenda — adoption of FY25 financials and director re-appointment are standard. The notable item for shareholders is the proposed new ESOP 2025 plan (up to 20 lakh shares, ~5% of capital), repricing of older ESOPs, and creation of a welfare trust, which could lead to mild share price dilution over time if options are exercised.