Enclosed is the Notice of 51st Annual General Meeting scheduled to be held on 23rd September, 2025 at 11.00 AM by video conference
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Sovereign Diamonds Ltd has sent out the notice for its 51st Annual General Meeting (AGM) to be held on Tuesday, 23rd September 2025 at 11:00 AM through video conferencing. The AGM will consider and adopt the audited financial statements for the financial year ended 31st March 2025 along with the Board and Auditor reports. Shareholders will also vote on the re-appointment of Mrs. Arundhati Mali, who is retiring by rotation. A special resolution seeks shareholders' approval to appoint Mr. Sumer Gehani as a Director of the company. Mr. Gehani, a graduate from Babson College (USA) with experience at Tapestry Inc. and Magna Technology Group, was initially appointed as an Additional Director on 12th August 2025. He is the son of Mr. Ajay Gehani, the current Chairman and Managing Director, and holds 2,86,469 equity shares in the company. He will serve as a Non-Executive, Non-Independent Director without any remuneration or sitting fees. Remote e-voting will be open from 20th to 22nd September 2025, with the cut-off date set as 16th September 2025.
This is a routine AGM notice with no major operational or financial surprises. The appointment of the promoter's son as a non-executive director is a notable governance event, though not unusual for family-run businesses. The proposed non-remuneration role suggests cost neutrality for the company.