Notice of Annual General Meeting ("AGM") to be held on 23rd September 2025
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Swashthik Plascon Limited has issued the notice for its 14th Annual General Meeting (AGM) scheduled for Tuesday, 23rd September 2025 at 1:00 PM at its registered office in Puducherry. The meeting will consider adoption of audited standalone and consolidated financial statements for FY 2024-25 along with the re-appointment of Mrs. Mahendrakumar Nirmala (DIN: 03174030) who retires by rotation. Shareholders will vote on five large related party transactions: Swashthik Preforms (up to Rs. 60 crore), Swashthik Industries (Rs. 60 crore), Swashthik Pet Packaging (Rs. 50 crore combined for rent/freight and finished goods sale), Paalaghad Pet Bottle (Rs. 30 crore), and Swashthik Poliemers (Rs. 40 crore). The company also proposes appointing M/s Dilip Swarnkar & Associates as Secretarial Auditor for a five-year term covering FY 2025-26 to FY 2029-30. Remote e-voting will be open from 20th September (9:00 AM) to 22nd September (5:00 PM) 2025, with the cut-off date set as 16th September 2025.
This is a routine AGM filing but carries significant weight due to the scale of related party transactions seeking approval — totaling around Rs. 240 crore across five group entities, with directors themselves being interested parties in most of them (Swashthik Industries is 99% owned by the company itself). Retail shareholders should review these inter-group dealings carefully, especially as some transactions represent over 40% of the company's annual consolidated turnover. Two director resignations during the year (Mrs. Sujathaa Mehta and Ms. Kavitha Gulacha) are also worth noting as board composition changes.