Notice of 21st Annual General Meeting (AGM) to be held on Thursday, September 18, 2025.
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Sprayking Limited has called its 21st AGM for Thursday, September 18, 2025 at 12:30 PM, to be held via video conferencing. Routine business includes adopting audited and consolidated financial statements for FY ended March 31, 2025, and re-appointing Mrs. Ronak Hitesh Dudhagara as a director (retiring by rotation). The meeting will also seek shareholder approval for several special items, including the appointment of M/s. M Rupareliya & Associates as secretarial auditors for five years (FY 2025-26 to FY 2029-30). Additionally, shareholders will vote on increasing the authorised share capital from Rs. 22 crore to Rs. 22.5 crore (a small ~2.3% hike) and on enabling the company to give loans, guarantees, or investments exceeding Section 186 limits up to Rs. 50 crore. A separate special resolution seeks approval for material related party transactions with subsidiary Narmada Brass Industries up to Rs. 50 crore.
The AGM proposals give the company more headroom for investments and inter-corporate transactions, but the Rs. 50 crore related party transaction limit with Narmada Brass Industries (a subsidiary) is a sizable amount that shareholders should evaluate. The minor authorised capital increase is unlikely to trigger immediate dilution but signals readiness for future fundraising or stock splits.