Pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report of the Company for the Financial Year ....
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Swasti Vinayaka Art And Heritage Corporation has submitted its 39th Annual Report for FY 2024-25 to BSE, along with the notice for its 39th Annual General Meeting scheduled for Monday, September 29, 2025 at 1:30 PM via video conferencing. The AGM agenda includes routine items such as adoption of audited financial statements and re-appointment of a director by rotation, plus several special business items. Key resolutions include approval of material related party transactions, increases in remuneration for Managing Director Dinesh Ramprasad Poddar (from Rs. 6.5 lakh to Rs. 7.5 lakh per month) and Whole-Time Director Prabhat Dinesh Poddar (from Rs. 70,000 to Rs. 80,000 per month), and authority to grant loans up to Rs. 30 crore to related parties under Section 185 of the Companies Act. The company is also seeking shareholder approval to appoint two new independent directors (Rahul Gupta and Yash Rungta), re-appoint several existing directors, and appoint Sandeep Dar & Co as Secretarial Auditor for five years.
This is primarily a routine annual report filing, but shareholders should review the special business items before voting, particularly the proposed Rs. 30 crore loan to related parties and the increases in executive director remuneration. The company noted that corporate governance norms have become applicable from April 1, 2025, indicating it has crossed the size threshold for enhanced reporting requirements.