Notice of 30th AGM of the Company
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The company has issued the notice for its 30th Annual General Meeting scheduled for Thursday, September 25, 2025, at 11:30 AM, to be held through video conference. Shareholders as of the cut-off date of September 18, 2025 can vote electronically between September 22 and September 24, 2025. Key items to be voted on include adoption of FY25 audited financials, re-appointment of Chairman Narayanan Narasimhan (who is over 75 years), appointment of Arvind Varchaswi N as Managing Director for 5 years from August 13, 2025, and appointment of Darshna Patel as Independent Director for a 5-year term. Shareholders will also be asked to approve material related party transactions worth up to Rs. 50 crore with Sriveda Sattva Private Limited for the period October 2025 to September 2026, and an amendment to the company's objects clause to add solid waste management as a new business area.
This is a routine AGM notice, but shareholders should note the significant related party transaction of Rs. 50 crore with Sriveda Sattva and the proposed expansion into solid waste management, which signals a diversification beyond the company's core Ayurvedic and herbal supplements business. Director appointments are largely continuity moves with one new Independent Director joining.