Annual Report along with Notice for the AGM for the financial year ended 31-03-2025.
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Sita Enterprises Ltd has submitted its 42nd Annual Report along with the AGM Notice to BSE. The 42nd AGM is scheduled for Monday, September 29, 2025 at 4:00 PM via video conferencing, with remote e-voting open from September 26-28, 2025. For FY25, the company (a non-deposit taking NBFC) reported Gross Income of Rs. 150.43 Lakhs and Profit After Tax of Rs. 112.41 Lakhs, with no dividend recommended; Rs. 50 Lakhs was moved to General Reserve and Rs. 25 Lakhs to Special Reserve. Key AGM business includes appointing Mr. Harsh Jitendra Gandhi as Executive Director, Mr. Kirit Gordhandas Thakker as Whole-Time Director, and Ms. Anushree Rakesh Singh as Independent Director. The filing also flags a major ownership change: promoters have sold 21 lakh equity shares (70% of issued capital) to Mr. Jitendra Rasiklal Sanghavi via a Share Purchase Agreement dated December 24, 2024, with SEBI's final observation received and RBI approval still pending. Three existing directors (Smt. Sanju Tulsyan, Smt. Sneha Tulsyan, and Mr. Ashok Tulsyan) will step down around or after the AGM.
Shareholders should note the pending RBI approval on the 70% stake transfer and change in control, which is a significant corporate event. Investors wanting to vote on resolutions including director appointments can use NSDL's remote e-voting facility between September 26-28, 2025; the cut-off date for voting eligibility is September 22, 2025.