PROCEEDINGS OF 45TH AGM OF THE COMPANY HELD ON 10TH SEPTEMBER 2025
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Shree Rajasthan Syntex held its 45th AGM on 10 September 2025 at its registered office in Dungarpur, Rajasthan, chaired by Managing Director Mr. Vikas Ladia from 2:00 PM to 2:50 PM. Shareholders approved ordinary business items including the adoption of FY25 financial statements and the re-appointment of Whole-Time Director & CFO Mr. Anubhav Ladia, who retires by rotation. The key special business resolutions approved include an increase in the company's Authorised Share Capital with a corresponding amendment to the Memorandum of Association, and two preferential equity allotments — up to 81,25,000 shares for cash and up to 46,00,000 shares against conversion of existing unsecured loans. Additionally, the Cost Auditors' remuneration was ratified, Secretarial Auditors were appointed, and two Non-Executive Independent Directors (Mrs. Manju Datta and Mr. Sandeep Kumar Jain) were re-appointed. Voting results were to be announced within 48 hours of meeting conclusion.
The preferential share issuances (totalling up to 1,27,25,000 equity shares) signal a capital expansion, with part being debt-conversion, which could lead to equity dilution for existing shareholders. The authorised capital increase and preferential allotments suggest the company is strengthening its capital structure, though the exact dilution impact will depend on issue price, which has not been disclosed in this proceedings document.