Notice of the 33rd Annual General Meeting of the Company.
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Solitaire Machine Tools Ltd has notified its 33rd Annual General Meeting to be held on Saturday, 28th June 2025 at 11:00 a.m. via video conferencing. The agenda includes adoption of audited financial statements for FY ending 31st March 2025, re-appointment of Ms. Shilpa Manmohan Taneja as director (retiring by rotation), and approval of a dividend recommended by the Board for FY 2024-25. A special resolution seeks re-appointment of Mr. Ashok J. Sheth (age 77) as Chairman and Executive Director for five years from 8th September 2025 to 7th September 2030, with a monthly remuneration of Rs. 1,25,000 plus perks. Another resolution proposes appointing M/s H.M. Mehta & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). The cut-off date for e-voting eligibility is 20th June 2025, with remote e-voting open from 25th-27th June 2025.
Shareholders should note the dividend declaration for FY 2024-25 (amount to be confirmed) and the re-appointment of the 77-year-old Chairman for another five-year term. The AGM outcomes, particularly the dividend approval and director re-appointment, are routine but worth tracking; the dividend amount will be the key value driver for retail investors.