Notice of 16th Annual General Meeting will be held on Tuesday September 23, 2025 at 11.30 A.M (IST) through Video Conferencing/Other Audio Visual Means(OAVM)
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Suyog Gurbaxani Funicular Ropeways Limited (BSE Scrip Code: 543391) has issued the notice for its 16th Annual General Meeting scheduled for Tuesday, September 23, 2025 at 11:30 a.m. IST, to be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The ordinary business includes adoption of audited financial statements for the financial year ended March 31, 2025 along with the Board's and Auditor's reports, and the re-appointment of two Non-Executive Non-Independent Directors — Mr. Shivshankar Lature (DIN: 02090972, holding 3,27,512 shares) and Mr. Omprakash Dwarkadas Gurbaxani (DIN: 00324142, holding 35,72,984 shares) — both retiring by rotation. Remote e-voting will be open from September 18 to September 22, 2025, with September 16, 2025 as the cut-off date. The Annual Report for FY25 was dispatched electronically to shareholders on September 11, 2025, and is available on the company's website (www.sgfrl.com), BSE, and NSDL. Each director draws a remuneration of Rs. 12,00,000 per annum, and no change in remuneration is proposed.
This is a routine annual compliance filing with no major corporate actions such as fundraising, mergers, or dividend declarations visible in the notice. The re-appointments are by rotation and largely procedural, so the announcement is unlikely to cause significant stock price movement. Shareholders should note the e-voting cut-off date (September 16, 2025) if they wish to participate in voting.