SRF Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 03, 2025
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SRF Limited has notified shareholders that its 54th AGM will be held on July 3, 2025 at 11:00 a.m. via Video Conferencing, with remote e-voting open from June 30 to July 2, 2025. Key items on the agenda include adopting the FY25 audited financial statements and re-appointing Mr. Ashish Bharat Ram (DIN: 00671567) as Chairman & Managing Director for a new term from May 23, 2025 to March 31, 2030, with a proposed monthly salary of ₹90 lakhs (up from ₹84.625 lakhs) in the ₹90 lakh–₹1.5 crore grade, subject to a ceiling of ₹5 crore or 2.5% of net profits. The notice also seeks shareholder approval to appoint M/s. Sanjay Grover & Associates as Secretarial Auditor for 5 years (FY26–FY30), ratify cost auditor remuneration for FY26 (₹8.5 lakhs combined for H Tara & Co. and Sanjay Gupta & Associates), and authorise a special resolution allowing the Board to issue Redeemable Non-Convertible Debentures (NCDs) on private placement up to ₹1,500 crores.
Routine AGM notice with no negative surprises. The key watchpoints for shareholders are (a) the proposed re-appointment and revised pay of the Chairman & MD, (b) the ₹1,500 crore NCD private placement which signals the company may raise debt in one or more tranches, and (c) auditor appointments for the next 5-year cycle — all subject to shareholder voting.