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 Synthetics Limited has submitted its 43rd Annual Report for the financial year ended March 31, 2025 to BSE, as required under Regulation 34 of SEBI LODR. The 43rd Annual General Meeting is scheduled for September 30, 2025 via video conferencing. Key AGM business includes adoption of audited financials, appointment of a new statutory auditor M/s. Sanjay Raja Jain & Co for a five-year term (replacing M/s. S. P. Jain & Associates), re-appointment of Managing Director Rajesh Poddar for three years, and re-appointment of Independent Director Madhusudan Lohia. The Managing Director's remuneration is being approved under Schedule V of the Companies Act, citing inadequate profits under Section 197. The company is also seeking shareholder approval for loans up to Rs. 50 crore to related-party entities and additional investment/loan powers up to Rs. 80 crore under Section 186.
This is a routine annual report compliance filing, but shareholders should note the proposed change of statutory auditor, the Managing Director's re-appointment with remuneration under Schedule V (indicating weak profitability), and the large related-party loan and investment proposals that will be voted on at the AGM.