Notice of 77th Annual General Meeting to be held on September 30, 2025
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Shah Construction Company Limited has issued the notice for its 77th Annual General Meeting to be held on September 30, 2025 at 3:30 PM via video conferencing. The three ordinary business items include adoption of audited financial statements for FY 2024-25, re-appointment of Mr. Dinesh Keshardeo Poddar (who retires by rotation), and appointment of Mr. Mehul Jadavji Shah as Managing Director for five years (August 13, 2025 to August 12, 2030) without any remuneration. The company reported total income of Rs. 613.87 Lakhs in FY25 vs Rs. 456.17 Lakhs in FY24, but losses widened to Rs. 269.07 Lakhs from Rs. 243.82 Lakhs, and no dividend has been recommended. Remote e-voting is open from September 27 to September 29, 2025.
Shareholders should note the continued losses and absence of dividend. The MD appointment is without remuneration, which preserves cash. An ongoing EOW Mumbai Police investigation into alleged criminal breach of trust related to the company's Andheri property has been flagged, though management states it has no financial or operational impact. Redemption of Rs. 48.2 crore preference shares has been pushed back by six years to May 2031 due to insufficient profits.