Annual Report for FY 2024-25 as per Reg. 34 of SEBI LODR, 2015
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Shalimar Productions Ltd has sent the notice for its 40th Annual General Meeting scheduled for September 30, 2025 at 10:00 AM in Andheri West, Mumbai, along with the Annual Report for FY 2024-25. Key items on the agenda include adoption of audited financial statements, re-appointment of director Vikramjit Singh Gill, and approval of material related party transactions of up to Rs 25 crore each with five related parties (Visagar Financial Services, Visagar Polytex, Maharashtra Corporation, Trisha Studios, and Visagar Textiles) for FY 2025-26. The company is also seeking shareholder approval to alter its main object clause to add investment business activity, appoint M/s Kirti Sharma & Associates as Secretarial Auditor for five years, and regularise the appointment of new director Vikasjeet Singh. Three new Independent Directors joined the board in late 2024, while the Company Secretary resigned in August 2025.
The proposed related party transactions of up to Rs 25 crore per party require shareholder approval and indicate ongoing inter-group dealings with promoter-linked entities, which investors should monitor closely. The proposed change in object clause to include investment activity signals a possible diversification away from the core business, which could reshape the company's risk profile.