Notice of 16th AGM of the company.
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Sheshadri Industries Limited has notified the BSE that its 16th Annual General Meeting will be held on Monday, 22nd September 2025 at 10:00 AM at Minerva Grand Hotel, Secunderabad, Telangana. The agenda includes adopting the audited financial statements for FY ending 31st March 2025 and reappointing Managing Director Jeetender Kumar Agarwal (who retires by rotation). Key special business items seek shareholder approval to appoint Ms. Pooja Gupta as a new Independent Director for 5 years (till 10 August 2030), reappoint Mr. Uttam Gupta as Independent Director for a second 5-year term, approve related party transactions, appoint M/s HSP & Associates LLP as Secretarial Auditors for 5 years, and increase the managerial remuneration of MD Jeetender Kumar Agarwal. The revised MD compensation includes a basic salary of Rs. 3.50 lakh per month plus 1% commission on net profits (or 50% of basic salary, whichever is lower) along with perquisites such as housing, medical, club membership and car. E-voting will be open from 18th September to 21st September 2025, with the cut-off date set as 12th September 2025.
This is a routine AGM notice, but shareholders should review the proposed increase in MD remuneration (which already exceeds thresholds set at the 2022 AGM) and the related party transactions approval, as both require special/ordinary resolutions to pass. Approval of Ms. Pooja Gupta as a new Independent Director and reappointment of Mr. Uttam Gupta are also up for shareholder vote, with no immediate share-price catalyst expected from the AGM itself.