SONAM LIMITED has informed the Exchange regarding Notice of Annual General Meeting to be held on August 12, 2025
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Sonam Limited has issued notice for its 24th AGM scheduled for August 12, 2025 at 4:00 PM via video conferencing. The agenda includes adopting audited financial statements for FY ended March 31, 2025, and re-appointing Mr. Harshil Jayeshbhai Shah (son of MD Jayesh Chhabildas Shah) as Director, who retires by rotation. The company proposes appointing M/s. D.V. Bakrania & Associates as new statutory auditors for 5 years at Rs. 3.50 Lakhs per year for FY26, replacing M/s SVK & Associates who resigned on May 30, 2025. M/s R.V. Gandhi & Co. is proposed as secretarial auditor for 5 years (FY26 to FY30). Shareholders will also be asked to approve material related party transactions with Sonam Tradelink LLP (an entity owned/influenced by directors) for purchase of goods up to Rs. 150 Lakhs per year, representing 1.44% of FY25 turnover. The record date for voting eligibility is August 5, 2025, with e-voting open from August 9-11, 2025.
This is a routine AGM notice, but shareholders should review Item 5 carefully as it seeks pre-approval for related party transactions with a director-linked entity. The change of statutory auditor after the previous firm resigned is procedural but worth noting; any red flags in the FY25 financial statements (Item 1) may emerge during the AGM discussion.