Outcome of the Meeting of Board of Directors held on 5th September, 2025
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Awaiting price reaction for this filing.
The Board of Directors of Srigee DLM Ltd met on 5 September 2025 and approved several items. The Board approved a change in the location of the manufacturing facility planned from IPO proceeds — moving from Plot No. 15, Ecotech–X to a larger Plot No. R-11A in the Integrated Industrial Township, Greater Noida. IPO proceeds amounts remain unchanged; any extra cost from the bigger location will be funded from internal accruals or other sources. The Board also approved the Board's Report and Annual Report for FY 2024-25, appointed M/s HM & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), and fixed 30 September 2025 as the date for the 20th AGM. Record date for the AGM is 5 September 2025, e-voting window is 27-29 September 2025, and Register of Members will be closed from 24-30 September 2025.
The IPO location change is positive as it gives the company a larger manufacturing facility without altering the originally planned use of IPO funds, suggesting potential for better scaling. Auditor appointment and AGM-related approvals are routine corporate housekeeping with no direct material impact on shareholders.