Notice of 31st AGM along with Annual Report 2024-25.
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Super Bakers (India) Limited has submitted the notice for its 31st Annual General Meeting along with the Annual Report for FY 2024-25 to BSE. The AGM is scheduled for Thursday, 25th September 2025 at 3:00 PM IST, to be held through video conferencing. Shareholders will vote on ordinary items including adoption of audited financial statements and reappointment of Mr. Anil S. Ahuja, who retires by rotation. Special business includes reappointment of Mr. Anil S. Ahuja as Managing Director for another 3-year term (1 Jan 2026 to 31 Dec 2028) at a salary of up to Rs. 1.50 lakh per month (Rs. 18 lakh per annum plus perquisites), appointment of Mr. Mann A. Ahuja as a Non-Executive Non-Independent Director, and appointment of M/s. Nishant Pandya & Associates as Secretarial Auditors for five years (FY 2025-26 to 2029-30). Notably, the explanatory statement discloses that the company had NIL turnover in FY 2024-25 as manufacturing operations remain suspended, with losses attributed to high market competition. The company plans to rationalise its product range and open new markets going forward.
This is primarily a routine compliance filing for the AGM, but the disclosure of suspended manufacturing operations and zero turnover in FY 2024-25 is a significant negative signal for shareholders. The reappointment of the existing Managing Director provides leadership continuity, while the addition of a new Director and long-term appointment of Secretarial Auditors indicate governance housekeeping. Investors should closely review the financial statements in the Annual Report for the actual state of operations before voting.