Notice of 30th Annual General Meeting of the Company for the financial Year 2024-25
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Shangar Decor Limited has issued the notice for its 30th Annual General Meeting to be held on Tuesday, 30th September 2025 at 11:30 AM via video conferencing. Key agenda items include adoption of FY 2024-25 financial statements, re-appointment of Mr. Saumil Shrenikbhai Shah as Director (retiring by rotation), and appointment of M/s S.K. Bhavsar & Co. as Statutory Auditors for 4 years (till FY 2029-30). Shareholders will also consider appointing M/s A B Udani & Associates as Secretarial Auditors for 5 years, regularizing Mrs. Jalpa Moulin Shah as Non-Executive Non-Independent Director, and approving an increase in maximum managerial remuneration to Rs. 70 Lakhs per annum. Additionally, special resolutions seek to raise the company's borrowing/investment limit under Section 186 and approve loans/guarantees up to Rs. 300 Crores under Section 185 to subsidiaries, associates, or joint ventures.
Routine AGM business, but shareholders should note two special resolutions seeking higher managerial remuneration (up to Rs. 70 lakhs annually) and significantly expanded limits (Rs. 300 Crores) for giving loans, guarantees, or investments to related/other entities, which increases the board's financial flexibility but also warrants attention to capital deployment decisions.