32nd Annual Report for the Financial Year 2024-25.
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Shree Securities Ltd has filed its 32nd Annual Report for FY 2024-25. The company is a small listed non-banking financial services firm based in Howrah, West Bengal. The AGM is scheduled for June 2, 2026 via video conferencing. The agenda includes adoption of audited financial statements, regularization of appointment of three newly appointed independent directors (Mr. Smit Hasmukhbhai Rachhadiya, Mr. Kishankumar Dhirajlal Tilva, and Ms. Dimpal Jatin Changela), appointment of M/s Kirti Sharma & Associates as secretarial auditor for five years, and seeking shareholder approvals for advancing loans/guarantees under Section 185 and increasing investment limits to Rs 100 crores under Section 186. The company has also proposed increasing the FPI/FII shareholding limit to 49% of paid-up equity capital. There is significant board-level churn, with multiple independent directors and key personnel including the Company Secretary and CFO having resigned.
Shareholders should review the agenda items, especially the proposed Rs 100 crore investment limit and the 49% FPI/FII cap increase. The high number of director and key personnel resignations in the period warrants monitoring of governance stability.