Submission of Notice of 33rd Annual General Meeting of the Company scheduled to be held on 27th June, 2025 at 12:30 PM(IST) through Video Conference (VC) / Other Audio Visual Means (OAVM)
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Swastika Investmart Limited has notified its 33rd AGM to be held on Friday, 27th June 2025 at 12:30 PM via video conferencing. The notice seeks shareholder approval for adopting audited standalone and consolidated financial statements for FY25, declaring a final dividend of ₹0.60 (30%) per equity share on a face value of ₹2, with 20th June 2025 as the record date. It also proposes re-appointment of Mr. Parth Nyati (DIN: 02583324) as a director retiring by rotation. Special business includes appointing L.N. Joshi & Co. as Secretarial Auditor for five years (FY26–FY30), revising remuneration of CTO Mr. Devashish Nyati from ₹3.50 lakh to ₹4 lakh per month, confirming Mr. Parth Nyati as CEO (effective 1st February 2025) with revised pay of ₹5 lakh per month plus perquisites capped at 25% of annual salary, and approving the new Swastika ESOS-2025 employee stock option plan covering up to 3,10,000 equity shares.
Shareholders stand to receive a ₹0.60 per share dividend if approved, providing steady income. The ESOP scheme could lead to mild equity dilution over time, while higher pay for the CEO and CTO (who are related parties) signals higher operating costs but also aligns management with shareholders.