Pursuant to regulation 30 of SEBI (LODR), we are submitting herewith the Outcome and proceeding of the 77th AGM held on 30.09.2025 at Prayagraj.
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Shervani Industrial Syndicate Ltd held its 77th AGM on September 30, 2025, in Prayagraj from 11:30 AM to 12:15 PM. Members approved 12 resolutions including adoption of audited financial statements for FY ending March 31, 2025, declaration of a dividend, and reappointment of Mr. Saleem Iqbal Shervani as a director retiring by rotation. Key special resolutions included reappointment of Mr. Mustafa Rashid Shervani as Managing Director, Mr. Saleem Iqbal Shervani as Executive Chairman, and Mr. Sadiq Husain Siddiqui as Whole-time Director. Shareholders also approved reappointment of Ms. Aradhika Chopra as Independent Director and appointment of Dr. Tarana Husain Khan as a new Independent Director. Notably, members approved enhancing the company's borrowing powers up to Rs. 300 Crore and creating security/charge on company assets for the same. The results are subject to receipt of the Scrutinizer's Report.
The Rs. 300 Crore borrowing limit expansion signals potential for future growth or expansion plans but also raises debt capacity. Dividend declaration is positive for shareholders, though the specific amount is not disclosed in this filing. Director continuity ensures management stability for shareholders.