Intimation is being filed for the dispatch of the Annual Report for the year ended 31 March 2025
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Awaiting price reaction for this filing.
The company has submitted its Integrated Annual Report for the financial year ended March 31, 2025, along with the notice for its 31st Annual General Meeting (AGM) scheduled for Friday, September 19, 2025, at 11:00 AM via video conferencing. The AGM agenda includes adopting the audited FY25 financial statements, re-appointing two directors (Mr. Anu Thomas Cheriyan and Mr. Unnikrishnan Anchery) retiring by rotation, and appointing M/s. Ayyar & Cherian as statutory auditors for a five-year term until the 36th AGM in 2030. Shareholders will also consider appointing M/s. Liya and Associates as secretarial auditor for FY2025-26 through FY2029-30 (remuneration of Rs. 0.40 lakh for FY25-26), approving Dr. Habeebrahiman as Independent Director for five years from August 8, 2025, and regularizing Mr. Nijo Michel as Director. A special resolution seeks approval to issue secured unlisted non-convertible debentures (NCDs) on a private placement basis in one or more tranches, up to an aggregate limit of Rs. 10 crore over the next year.
This is a routine annual compliance filing and is unlikely to move the stock price on its own. The NCD issuance proposal of up to Rs. 10 crore is a small fundraising measure via private placement and does not involve equity dilution, though it will add to the company's debt obligations. Shareholders should review the AGM resolutions, particularly the auditor appointments and the NCD proposal, and vote during the remote e-voting window from September 16 to September 18, 2025.