We hereby resubmitted (with reference to your e-mail dated 04-09-2025 in regard to submission of Annual Report under incorrect Head) the Annual Report pursuant to Reg 34 (1) of SEBI (LODR) ....
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Shervani Industrial Syndicate Ltd has resubmitted its 77th Annual Report for FY 2024-25 on BSE under Regulation 34(1) of SEBI (LODR), after correcting a previous filing made under the wrong category. The report includes the notice for the 77th AGM scheduled for September 30, 2025, at the company's registered office in Prayagraj. Key items on the AGM agenda include adoption of audited standalone and consolidated financial statements, declaration of a dividend for FY 2024-25, and re-appointment of several directors. The company is seeking shareholder approval to re-appoint Mr. Mustafa Rashid Shervani as Managing Director (Rs. 3 lakh/month salary + Rs. 1.25 lakh/month special allowance), Mr. Saleem Iqbal Shervani as Executive Chairman, and Mr. Sadiq Husain Siddiqui as Director (Corporate Affairs), each for 3 years. The AGM also seeks approval to raise the borrowing limit and create security on company assets up to Rs. 300 crore, appoint a new Secretarial Auditor for 5 years, and induct a new Independent Director (Dr. Tarana Husain Khan) while re-appointing Ms. Aradhika Chopra for a second term.
This is primarily a procedural resubmission of the annual report and AGM notice — no new financial results or surprise disclosures. Shareholders should note the proposed dividend for FY25, the substantial Rs. 300 crore borrowing/charge ceiling (signaling potential capacity for future expansion or refinancing), and the continuation of the promoter family in senior management roles. Stock price impact is expected to be neutral.