In Compliance of Regulation 30 of SEBI (LODR) Regulation, 2015, as amended from time to time, 40th AGM of Surya India Limited is scheduled to be held on Saturday, 13th day of September, ....
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Surya India Limited has called its 40th AGM on Saturday, 13th September 2025 at 1:00 PM at its registered office in New Delhi, with the cut-off date for voting eligibility set as 6th September 2025. Ordinary business includes adoption of FY25 audited financial statements and re-appointment of Mrs. Preeti Agarwal as director retiring by rotation. Special business includes re-appointment of Mrs. Preeti Agarwal as Managing Director and Mrs. Priyanka Agarwal as Whole-time Director, both for 3 years from 30th September 2025, with revised basic salary of Rs. 1.20 crore per annum each (increasable up to Rs. 1.50 crore). Shareholders will also be asked to approve multiple material related party transactions with Haldiram group entities — property leasing worth Rs. 3 crore each with Haldiram Products, Haldiram Manufacturing, and Haldiram Ethnic Foods, and Rs. 6 crore with Haldiram Marketing. Additionally, loans of up to Rs. 50 crore each are proposed to Haldiram Snacks and Haldiram Marketing under Section 185. Mr. Pradeep Kathuria is proposed to be appointed as Secretarial Auditor for 5 years (FY26 to FY30).
The AGM features significant related party dealings with the Haldiram promoter group, including aggregate loans of up to Rs. 100 crore and leases up to Rs. 15 crore. While these are stated to be at arm's length, shareholders should scrutinise the concentration of transactions with group companies and the revised managerial remuneration, both of which could affect minority shareholder interests.