Please find enclosed the Notice of 14th Annual General Meeting.
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Spinaroo Commercial Ltd has called its 14th AGM on June 8, 2026 at 12:30 PM via Video Conferencing. The meeting will consider adoption of audited standalone financial statements for FY ended March 31, 2026, and reappointment of Mr. Aditya Todi as director retiring by rotation. Two special business items are being proposed: (1) increasing the loan and investment limit under Section 186 from 60% to Rs. 6 Crores to enable inter-corporate loans, guarantees and securities acquisition, and (2) raising the maximum managerial remuneration limit from 11% to 30% of net profits to align with consolidated operations. Remote e-voting runs from June 5-7, 2026.
Shareholders should note that approval of Item 4 will significantly increase the remuneration ceiling for executive directors (Aditya Todi and Amit Sultania) from 11% to 30% of net profits. Item 3 provides flexibility for inter-corporate investments up to Rs. 6 Crores. Both special resolutions require careful review as they expand board powers and compensation potential.