Notice of the 36th Annual General Meeting of the company to be held on Friday, July 04, 2025 at 11:00 A.M. IST.
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Sky Industries Limited has called its 36th Annual General Meeting on Friday, July 04, 2025 at 11:00 A.M. IST, to be held via video conferencing. Key business to be transacted includes adopting the audited financial statements for FY ended March 31, 2025, and declaring a final dividend of Re. 1 per equity share (10% on face value of Rs. 10) for FY25. The notice also seeks shareholder approval for re-appointing two directors retiring by rotation (Sharad S Shah and Gopalakrishnan Mani), re-appointing Mr. Lokanath S Mishra as Independent Director for a second 3-year term ending July 07, 2028, and re-appointing Mr. Shailesh S Shah (Managing Director), Mr. Maikal Raorani (Whole Time Director & CFO), and Mr. Sharad Shah (Whole Time Director) each for a 3-year term from October 01, 2025 to September 30, 2028. Additionally, shareholders will vote on increasing the company's borrowing limit under Section 180(1)(a) and (c) to Rs. 100 Crores and on appointing M/s. Ramesh Chandra Mishra and Associates as Secretarial Auditor for FY2025-26 through FY2027-28.
Routine AGM with several routine director re-appointments and a modest 10% dividend (Re. 1 per share) being put to shareholder vote. The proposed increase in borrowing limit to Rs. 100 Crores could be material if the company plans to take on additional debt, though the actual quantum and timing of any drawdown remains subject to board discretion. Overall, the resolutions appear administrative and unlikely to materially shift the stock price on their own.