Suraj Estate Developers Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
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Suraj Estate Developers Limited held its 39th Annual General Meeting on September 30, 2025, via video conferencing, running from 12:30 PM to 1:00 PM. A total of 39 members participated out of 40,462 eligible shareholders as on the cut-off date of September 23, 2025. Shareholders were asked to vote on 10 resolutions, including adoption of the audited financial statements for FY25, re-appointment of two directors (Mrs. Sujatha R Thomas and Mr. Rahul Thomas) by rotation, appointment of secretarial and cost auditors, and approval of commission payments to non-executive directors. Two special resolutions were put forward for revising the remuneration of the Chairman & Managing Director (Mr. Rajan Thomas) and the Whole-Time Director (Mr. Rahul Thomas). Another special resolution sought shareholder approval to raise funds through the issue of eligible securities, along with an ordinary resolution to increase the company's authorised share capital and amend the Memorandum of Association.
Shareholders should watch for the voting results on the fund-raising resolution and the authorised capital increase, as these could signal potential dilution in the future. The higher remuneration packages for the promoter-CMD and promoter-WTD, if approved, will increase promoter payouts. Voting outcomes and the scrutinizer's report are expected to be filed within two working days.