We wish to inform you that 34th Annual General Meeting of the company is scheduled to be held Monday, 29th September, 2025 at 1 P.M. (IST) through Video Conferencing / other Audio - Visual ....
SAHLIBHFI · price
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Shalibhadra Finance Ltd will hold its 34th AGM on Monday, 29th September 2025 at 1 PM via video conferencing. The agenda includes adopting FY25 audited financials, considering a dividend on equity shares, and accepting multiple director resignations and re-appointments. Long-serving Managing Director Mr. Minesh M. Doshi (60) is stepping down after 33 years and will continue as a Non-Executive Director. His son Mr. Vatsal M. Doshi (30, Chartered Accountant) is being appointed as the new Managing Director for 5 years at Rs. 26 lakh annual salary plus up to 3% of net profits as commission. Another son, Mr. Dhruvil M. Doshi (23, Chartered Accountant), will take over as Whole-Time Director and CFO at Rs. 13 lakh per annum, also for 5 years. Shareholders will also vote on raising the company's borrowing limit to Rs. 190 crore. E-voting window runs from 26th–28th September 2025, with the cut-off date set at 22nd September 2025.
This is essentially a second-generation family succession — the founder MD is handing over leadership to his two sons, both of whom are Chartered Accountants. The Rs. 190 crore borrowing limit hike suggests plans for business expansion, likely in lending. For shareholders, the formal dividend agenda is a positive signal, though the new MD/CFO remuneration and succession risks (young leadership team, family concentration) are worth monitoring.