45th Annual General Meeting of SHREE RAJASTHAN SYNTEX LIMITED
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Shree Rajasthan Syntex Ltd has sent the notice and annual report for its 45th Annual General Meeting, scheduled for Wednesday, 10th September 2025 at 2:00 PM at the registered office in Dungarpur, Rajasthan. The agenda includes adopting FY25 financial statements, reappointing Whole-Time Director & CFO Anubhav Ladia (retiring by rotation), and reappointing Independent Directors Mrs. Manju Datta and Mr. Sandeep Kumar Jain for a second five-year term. Shareholders will also vote on increasing the authorised share capital from Rs. 34.5 crore to Rs. 47.5 crore, and on two preferential allotments — up to 81.25 lakh equity shares at Rs. 13.25 each (about Rs. 10.77 crore in cash) and up to 46 lakh equity shares at Rs. 13.25 each (about Rs. 6.10 crore) to be issued to promoter and non-promoter entities against conversion of unsecured loans. Additionally, M/s. HM & Associates is proposed as the new Secretarial Auditor for five years (FY26–FY30), and cost auditor remuneration of Rs. 20,000 for M/s. K.G. Goyal & Co. is to be ratified.
The proposed preferential issues and capital expansion would dilute existing shareholders by up to roughly 1.27 crore new shares at Rs. 13.25 each, while the loan-to-equity conversion will reduce the company's debt burden. Existing shareholders should review the preferential allotments carefully, as a large portion is being issued to non-promoter entities at a fixed price.