Annual Report for the Financial Year 2024-25
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SGL Resources Ltd has submitted its 33rd Annual Report for FY 2024-25 to BSE under Regulation 34 of SEBI LODR. The 33rd AGM is scheduled for September 30, 2025 at 3:00 PM via video conferencing. The company's Whole-time Director & CFO, Mr. Kantilal Ladani, highlights ongoing work in smart city, urban development, land records, defence and homeland security projects, including an advanced-stage armed forces 'MAKE-II'/IDDM project and an ISRO joint development partnership. The AGM notice seeks shareholder approval for several material items: (i) related party transactions worth up to Rs 6.2 crore in aggregate for FY 2025-26 involving a subsidiary (Jyacad Solutions), a promoter (Chirag Soni), the director himself, and promoter-group entity Diyatech Pvt Ltd, (ii) appointment of Harish P. Jain & Associates as Secretarial Auditor for five years, (iii) appointment of Ram Chandak & Associates as Statutory Auditor to fill the casual vacancy caused by the resignation of R V Somani & Associates, and (iv) appointment of Mr. Suhit Bakshi as Non-Executive Non-Independent Director. The filing also reflects substantial board churn, with multiple director and company secretary resignations and new appointments during and after the financial year.
Shareholders should note the significant governance reshuffle — a change of statutory auditor mid-term, heavy board turnover, and new related-party transaction approvals — which warrants close attention to the financial statements within the annual report for any auditor qualifications or unusual items. The RPT approvals are routine for FY 2025-26 but worth tracking given the aggregate size (Rs 6.2 crore) relative to the company's small scale.