Standard Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 29, 2025
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Standard Industries Limited has called its 128th AGM for July 29, 2025 at 3:00 PM, to be held via video conferencing. Ordinary business includes adopting the audited standalone and consolidated financial statements for FY ending March 31, 2025 (turnover of Rs 2,234.98 lakhs and a net loss of Rs 1,370.53 lakhs) and re-appointing Shri Pradeep R. Mafatlal as a director. Special business includes shareholder approval for related party transactions with promoter-group entity Shanudeep Private Limited — a Leave & Licence Agreement at Rs 8.10 lakh per month and a Facility/Service Sharing arrangement at Rs 10.89 lakh per month, both for three years. Shareholders will also vote on the re-appointment of Shri D.H. Parekh as Executive Director for two years (August 2025 to August 2027) with a starting salary of Rs 7 lakh per month, and the appointment of M/s S.K. Dwivedi & Associates as Secretarial Auditor for five years at Rs 70,000 per annum. The company has suspended in-house textile and garment production and is now focused on textile trading and its property division. E-voting opens July 25, 2025 and closes July 28, 2025.
This is a routine AGM notice but shareholders should review and vote on the related-party transactions and executive reappointment, which require their approval. The FY25 net loss and suspension of in-house textile production signal continued financial pressure, even as turnover grew — something retail investors should factor into their holding decision.