Surana Telecom and Power Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
SURANAT&P · price
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Surana Telecom and Power Limited held its 36th AGM on September 30, 2025, via Video Conferencing from 12:30 PM to 12:58 PM, with 63 members in attendance. Managing Director Shri Narender Surana chaired the meeting and both the Statutory Auditor's and Secretarial Auditor's reports were unqualified, with no adverse observations. Shareholders were asked to vote on nine resolutions, covering adoption of FY25 audited financial statements, re-appointment of a retiring director, approval of related party transactions, ratification of cost auditors, appointment of secretarial auditors, re-appointment of the Managing Director and an Independent Director, and crucially, the disinvestment/sale of equity stake in its material subsidiary Aryavaan Renewable Energy Private Limited along with a change in the object clause of the Memorandum of Association. Voting results were to be declared within two working days and submitted to the stock exchanges.
The two most material items for shareholders are the proposed sale/divestment of the equity stake in material subsidiary Aryavaan Renewable Energy and the proposed change in the company's object clause, both of which could signal a strategic shift or restructuring. Re-appointments of the Managing Director and an Independent Director maintain board continuity, while clean auditor reports are a positive governance signal.