Submission of Annual Report for the FY 2024-25
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Awaiting price reaction for this filing.
Teesta Agro Industries has submitted its Annual Report for FY 2024-25 to BSE and announced its 39th AGM on 27th August 2025 at Rajganj, Jalpaiguri. Shareholders will consider adopting the audited FY25 financial statements and approving the appointment of M/s. Agarwal RG & Associates as new Statutory Auditors for 5 years, filling a casual vacancy left by the merger-driven exit of M/s. Mantry & Associates. The company is seeking shareholder approval for significant salary hikes for its top executives — Managing Director Hardev Singh's pay rises from Rs. 7 lakh to Rs. 10 lakh per month, while Whole-Time Directors Paramdeep Singh and Inderdeep Singh see their pay quadruple/double to Rs. 4 lakh per month each, effective 1st September 2025. The notice also covers the re-appointment of Independent Director Baishakhi Maity for another 5-year term, ratification of Cost Auditor remuneration of Rs. 52,000, and appointment of a new Secretarial Auditor for 5 years. E-voting via CDSL will be open from 24–26 August 2025.
Routine AGM business with notable executive remuneration hikes that shareholders need to approve; the auditor change is procedural and triggered by a merger, not governance concerns. No immediate impact on stock price expected, but vote results on the MD/WTD salary revisions will be the key item for retail shareholders to watch.