Notice of 45th AGM of the Shree Rajasthan Syntex Ltd
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Shree Rajasthan Syntex Ltd has called its 45th AGM on Wednesday, 10th September 2025 at 2:00 PM at its registered office in Dungarpur, Rajasthan. Shareholders will consider adoption of FY25 financial statements and re-appointment of Mr. Anubhav Ladia (Whole-Time Director & CFO), who retires by rotation. The company is proposing to increase authorised share capital from Rs. 34.50 crore to Rs. 47.50 crore and to issue up to 81.25 lakh equity shares on a preferential basis at Rs. 13.25 per share, raising up to Rs. 10.77 crore in cash from promoter group and non-promoters. A further 46 lakh shares (worth Rs. 6.10 crore) are proposed to be issued at the same price against conversion of existing unsecured loans held by V K Texchem (promoter group) and Matrix Back Office Services. The meeting will also seek approval to re-appoint two independent directors — Mrs. Manju Datta and Mr. Sandeep Kumar Jain — for second terms of 5 years each, ratify cost auditor remuneration of Rs. 20,000, and appoint M/s HM & Associates as secretarial auditors for FY 2025-26 to 2029-30.
The preferential allotments could result in dilution for existing shareholders, with up to ~1.27 crore new shares being issued (a meaningful expansion of the equity base), though the cash raise may strengthen the balance sheet and the loan-to-equity conversion reduces debt. Shareholders should review the allottees list and pricing (Rs. 13.25 vs face value of Rs. 10) before voting; e-voting window is 7–9 September 2025.