Silver Touch Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 26, 2025
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Silver Touch Technologies has issued the notice for its 31st AGM, scheduled for Tuesday, August 26, 2025, at 1:00 PM to be held via video conferencing in compliance with MCA and SEBI circulars. The board has recommended a dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10) on 1,26,81,000 shares for FY 2024-25, subject to shareholder approval. Ordinary business includes adoption of FY25 audited financial statements and re-appointment of Mr. Himanshu Jain and Mr. Palak Vinubhai Shah, who retire by rotation. Special business covers appointment of M/s Sandip Sheth & Associates as Secretarial Auditors for a 5-year term (FY 2025-2030), re-appointment of Managing Director Mr. Vipul Thakkar and four Whole-Time Directors for 3-year terms (with monthly salary of up to Rs. 10 lakh each), and proposals to raise the board's borrowing limit to Rs. 150 Crores and create charges on company assets. E-voting will be available from August 23-25, 2025, with the record date set for August 19, 2025.
The Rs. 0.50 per share dividend is a modest but tangible return for shareholders, while the proposed increase in borrowing limit to Rs. 150 Crores gives management significantly more financial flexibility. Re-appointment of the existing leadership team signals operational continuity, though shareholders may want to evaluate the combined managerial remuneration and the expanded borrowing capacity at the AGM.