SRM Contractors Limited has informed the Exchange about Shareholders meeting
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SRM Contractors Limited held its 17th AGM on 29th September 2025 via video conferencing, lasting about 20 minutes (1:15 p.m. to 1:35 p.m.). The meeting, chaired by Mr. Sanjay Mehta, transacted 17 business items including adoption of FY25 audited financial statements and re-appointment of a rotating director. Key resolutions included changing Mr. Sanjay Mehta's designation from Managing Director to Non-Executive Director, elevating Mr. Puneet Pal Singh to Managing Director, and appointing Mr. Sanjay Mehta as Group Chairman. Shareholders also approved alterations to the Articles of Association, appointment of new statutory and secretarial auditors, and ratification of cost auditor remuneration.
The AGM signals a leadership restructuring with Sanjay Mehta stepping back from executive role while retaining Group Chairman status, alongside a pivot toward greater JV/related-party activity funded by reallocated IPO proceeds and potentially higher borrowings — shareholders should watch for the e-voting results and any related-party deal disclosures.