Notice of Annual General Meeting
Price
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Awaiting price reaction for this filing.
Shalimar Productions Ltd has called its 40th AGM on Monday, 30th September 2025 at 10:00 a.m. at Vyanjan Banquet Hall, Andheri West, Mumbai, along with the Annual Report for FY 2024-25. Ordinary business includes adoption of audited FY25 financial statements and re-appointment of Mr. Vikramjit Singh Gill (Executive Director & CFO) who retires by rotation. Special business seeks shareholder approval for: (a) material related party transactions of up to Rs. 25 crore per related party for FY 2025-26 with five Visagar-group and related entities (Visagar Financial Services, Visagar Polytex, Maharashtra Corporation, Trisha Studios, Visagar Textiles); (b) appointment of M/s Kirti Sharma & Associates as Secretarial Auditor for a 5-year term from FY 2025-26 to FY 2029-30; (c) regularization of Mr. Vikasjeet Singh as Non-Executive Non-Independent Director; and (d) alteration of the Object Clause of the MoA to add investment business as a new main object. E-voting window runs from September 27 to September 29, 2025, with cut-off date of September 23, 2025, and book closure from September 24 to September 30, 2025.
Investors should watch the Rs. 25 crore per-party RPT approval (related parties cannot vote on it) and the proposed diversification into an investment company, which signals a possible shift in business focus. The board has seen several changes in the past year with three new independent directors appointed and the company secretary resigning in August 2025, which may reflect governance restructuring.