Kindly find enclosed herewith the 32nd AGM Notice of the comapny scheduled to be held on 30/09/2025 at 10.00 AM
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Shri Keshav Cements and Infra has called its 32nd AGM on 30 September 2025 at 10:00 AM at its Belagavi registered office. Key business items include adopting the FY25 audited accounts, ratifying cost auditor remuneration of Rs. 95,000, and appointing M/s. Akshay Jadhav & Associates as Secretarial Auditor for 5 years (FY26-FY30) at Rs. 60,000 per year. A major item is the special resolution to triple the salary of three Katwa-family executive directors (Managing Director Vilas Katwa, Chairman Venkatesh Katwa, and CFO Deepak Katwa) from Rs. 1 lakh/month to Rs. 3 lakh/month, which needs shareholder approval because the company reported a loss in FY25 triggering stricter regulatory caps. The company also proposes altering its main objects (MOA) to dramatically widen its business scope beyond cement into green energy, biofuels (hydrogen, bio-CNG, bio-diesel), solar power, fuel stations, EV charging, and petroleum trading. Two independent director changes are also on the agenda - reappointment of K.C. Patil for a second 5-year term and regularization of newly added independent director Savita Metrani, filling the vacancy left by the resignation of Radhika Dewani.
The 3x pay hike for all three Katwa-family executive directors despite an FY25 loss may raise shareholder governance concerns and is unlikely to sit well with minority investors. The proposed MOA overhaul signals a major strategic pivot away from pure cement into energy and fuel retailing, which could be a positive long-term move but adds new execution and capital-allocation risks for a small company. Investors should watch how the Katwa family-led management plans to fund these new businesses.