Span Divergent Limited-Notice of the 45th Annual General Meeting to be held on Monday, September 29, 2025
Awaiting price reaction for this filing.
Span Divergent Limited has notified its 45th Annual General Meeting (AGM) to be held on Monday, September 29, 2025 at 11:30 AM via video conferencing. The cut-off date for e-voting eligibility is September 22, 2025, with remote e-voting open from September 26 (9:00 AM) to September 28 (5:00 PM). Shareholders will vote on six resolutions including adoption of FY25 audited financials, re-appointment of Dr. Shefali Desai as director (retiring by rotation), re-appointment of M/s. Y. B. Desai & Associates as statutory auditors for a second 5-year term (current audit fee of Rs. 2.35 Lakhs), and appointment of M/s. Mitesh Rana & Co. as secretarial auditor for FY 2025-26 to 2029-30. Two resolutions seek shareholder approval for related party transactions: one with five LLPs and a subsidiary totalling up to Rs. 115 Crore per annum, and another with three key managerial personnel (including Managing Director Mr. Viral P Desai) for up to Rs. 15 Crore per annum combined.
Routine AGM notice with no major surprises — most items are standard re-appointments and governance approvals. Shareholders should note the large related-party transaction limits (especially the Rs. 75 Crore ceiling with Dryfruit Factory LLP) which require their vote; scrutiny on these related party dealings may be warranted given the promoter family involvement.