Sportking India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 30, 2025
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Sportking India Limited has issued the notice for its 36th Annual General Meeting (AGM) to be held on Saturday, August 30, 2025 at 10:30 AM at the company's registered office in Ludhiana, Punjab. Shareholders will consider adoption of the FY25 audited financial statements and declaration of a dividend of Rs. 1.00 per equity share of Rs. 1 face value. Key agenda items include the re-appointment of Mr. Munish Avasthi as Managing Director & CEO for 3 years, appointment of Mr. Chetan Rupal as Whole-time Director, appointment of Mr. Puneet Singhania as Independent Director, and re-appointment of Mrs. Harpreet Kang as Independent Director for a second term. The company is also seeking shareholder approval to raise its overall borrowing limit to Rs. 2,500 crores and to appoint a new Secretarial Auditor. The cut-off date for e-voting eligibility is August 23, 2025, with remote e-voting open from August 27 to August 29, 2025, and the share transfer books will remain closed from August 24 to August 30, 2025.
Shareholders on the register as of August 23, 2025 are eligible for the Rs. 1.00 per share dividend and to vote on key resolutions including a significant jump in the company's borrowing ceiling to Rs. 2,500 crores, which signals potential future expansion or capacity build-up that may increase debt on the books.