Suraj Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 09, 2025
SURAJLTD · price
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Suraj Limited has called its 32nd Annual General Meeting (AGM) on Wednesday, July 09, 2025 at 10:30 a.m. IST, to be held via Video Conferencing. Shareholders will consider adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2025, and the re-appointment of Mr. Ashok Tarachand Shah, who retires by rotation. Several special business items seek approval for executive director remuneration: Mr. Ashok Shah (Chairman, Executive Director & CFO) at up to Rs. 20 lakhs per month, Mr. Kunal Shah (Managing Director) at up to Rs. 15 lakhs per month, Mr. Gunvantkumar Shah (Vice Chairman & Whole-Time Director) at up to Rs. 12 lakhs per month, and Ms. Shilpa Patel (Whole-Time Director) at up to Rs. 3 lakhs per month, all for 3 years from April 1, 2025. Mr. Gunvantkumar Shah is also proposed to be re-appointed for a further 3-year term effective March 28, 2026. Additionally, M/s Hardik Jetani & Associates are proposed as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30), and the remuneration of M/s Kiran J. Mehta & Co. as Cost Auditors (Rs. 1,45,000 for FY 2025-26) is to be ratified.
This is a standard AGM notice seeking shareholder approval on routine governance matters, including financial statement adoption, director re-appointment, and executive remuneration. No immediate impact on share price or shareholder value is expected, though shareholders should review the proposed director remuneration packages before voting.