The Peria Karamalai Tea & Produce Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 20, 2025
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The Peria Karamalai Tea & Produce Company Limited has issued the notice for its 112th Annual General Meeting (AGM) scheduled for Saturday, 20th September 2025 at 10:30 AM, to be held via video conferencing. The AGM will consider adopting audited financial statements for FY 2024-25, declaring a dividend on equity shares, and re-appointing Mr. Lakshmi Niwas Bangur (Chairman) who retires by rotation. Special business items include appointing M/s. A Murarka & Co. as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and approving commission of up to 1% of net profits or Rs. 10 lakh per director (whichever is lower) for Non-Executive Directors. The company is also seeking approval for material related party transactions involving loans aggregating Rs. 300 crore to six promoter group entities (Kiran Vyapar, LNB Renewable Energy, Placid, Maharaja Shree Umaid Mills, Shree Krishna Agency, and General Investment Company), and increasing the borrowing and investment limits under Sections 180 and 186 of the Companies Act to Rs. 400 crore each.
Routine AGM notice, but shareholders should note the proposal to raise borrowing limits to Rs. 400 crore and significant related party loans (Rs. 300 crore) to promoter group entities, which may attract governance scrutiny. Dividend declaration, if approved, will be paid to shareholders on record as of 13th September 2025. E-voting window is 17th-19th September 2025.