Annual Report for the Financial Year 2024-25
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Suditi Industries Ltd has called its 34th Annual General Meeting on Wednesday, July 16, 2025 at 4:00 PM, to be held via Video Conference. The cut-off date for shareholder eligibility is July 9, 2025, with remote e-voting open from July 13 to July 15, 2025. Ordinary business includes adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, and re-appointment of Director Pawan Agarwal who retires by rotation. Special business seeks shareholder approval to appoint Mr. Manish Harishchandra Singh as Independent Director for 5 years and Ms. Amita Karia as Secretarial Auditor for 5 years. Most importantly, the company is seeking approval to issue 15,74,182 equity shares on a preferential basis at Rs. 57.05 per share (face value Rs. 10, premium Rs. 47.05) to 11 non-promoter allottees, raising up to approximately Rs. 8.98 crore.
Shareholders will vote on a small preferential share issuance worth about Rs. 8.98 crore to non-promoters, which will cause modest equity dilution. The pricing at Rs. 57.05/share and the relatively small size suggest limited impact on share price, but existing shareholders should review the allotment list and vote during the e-voting window.