Notice of 3rd Annual General Meeting held on September 25, 2025 at 11:30 AM
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Supertech EV Limited has filed the notice for its 3rd Annual General Meeting scheduled for September 25, 2025 at 11:30 AM, to be held via video conferencing. The agenda includes adoption of audited financial statements for FY 2024-25 and re-appointment of Mr. Jitender Kumar Sharma (Chairman & Whole Time Director) as a director liable to retire by rotation. The key item requiring shareholder approval is a related party transaction with M/s. Supertech Auto Agency — a partnership firm where Managing Director Mr. Yetender Sharma and Whole Time Director Mrs. Geetanjali Sharma are partners — for purchase and sale of goods up to ₹200 crore in aggregate (₹100 crore each way) over 3 years starting October 1, 2025. For context, the company bought ₹184.70 crore worth of E-scooter CKD parts and E-rickshaws from this related party in FY25, and sold ₹84.37 crore of finished E-scooters to them. The company's FY25 revenue from operations stood at ₹75.10 crore (up from ₹65.03 crore in FY24), with profit before tax of ₹8.34 crore (up from ₹6.63 crore).
The big-ticket item is the ₹200 crore related party transaction approval — shareholders should evaluate whether such heavy dependence on a promoter-linked firm is in the company's best interest. Investors with email IDs on record will receive the notice electronically; e-voting opens on September 22, 2025 and ends on September 24, 2025, with a cut-off date of September 19, 2025 to be eligible to vote.