Notice of 60th Annual General Meeting scheduled to be held on June 30, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TCI Industries Limited has scheduled its 60th AGM for Monday, June 30, 2025 at 11:00 AM, to be held through video conferencing in line with MCA and SEBI circulars. Shareholders will vote on six items: adoption of FY25 audited financial statements, re-appointment of two retiring directors (Ashish Agarwal and Utsav Agarwal), appointment of two new independent directors (Jagdish Chandra Sharma and Sujan Sinha) for 5-year terms effective May 09, 2025 to May 08, 2030, and re-appointment of Sunil K. Warerkar as Executive Director for 3 years from April 01, 2025. The Executive Director's package includes a basic salary of Rs. 2.08 lakh/month plus HRA, allowances, and a hefty performance-linked structure tied to monetizing the company's Colaba (Mumbai) property — Rs. 150 lakh performance bonus, Rs. 75 lakh lump sum, and Rs. 90 lakh/year residual remuneration, all contingent on the property sale. Book closure runs June 23 to June 30, 2025, and remote e-voting via NSDL opens from June 27 (9:00 AM) to June 29 (5:00 PM), with a cut-off date of June 23, 2025 for determining voting eligibility.
Routine AGM notice with standard governance items, but the standout for shareholders is the Executive Director's compensation being heavily tied to monetizing the Colaba property — the bulk of the bonus and lump-sum payouts are contingent on this event, so investors should watch for updates on the property sale timeline. The addition of two independent directors strengthens board oversight.