Please refer to the attached AGM Notice for complete details.
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Swarna Securities Limited has called its 35th Annual General Meeting (AGM) for Saturday, May 31, 2025 at 10:00 AM at M Hotel, Vijayawada. The agenda includes adoption of the audited financial statements for the year ended March 31, 2025 and re-appointment of Smt. Venkata Naga Siva Sushma Muthavarapu as a Non-Executive Non-Independent Director. As a special resolution, the company seeks shareholder approval to re-appoint Mr. M Murali Krishna (promoter and current Managing Director) as Managing Director for another 5-year term from June 1, 2025 to May 31, 2030, without any remuneration. A new Non-Executive Independent Director, Sri. Kosaraju Nagesh Babu, is proposed to be appointed for 5 years from May 7, 2025 to May 6, 2030. The company is also seeking shareholder approval to appoint M/s Ganga Anil Kumar & Associates as Secretarial Auditors for 5 consecutive financial years from April 1, 2025 to March 31, 2030, in line with the latest SEBI Listing Regulations amendment. Remote e-voting through CDSL will be available from May 28 to May 30, 2025, with May 24, 2025 as the cut-off date for voting eligibility.
This is a routine AGM notice with no major corporate action. The re-appointment of the Managing Director without remuneration signals continuity in leadership and low operational costs. Shareholders should review and exercise their voting rights during the remote e-voting window (May 28-30, 2025) on these resolutions, particularly the MD re-appointment and new auditor appointment which are special and ordinary resolutions respectively.