please find the enclosed the notice convening 49th Annual General Meeting and Annual Report for the year 2024-25
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Triton Valves Limited has scheduled its 49th Annual General Meeting on Friday, September 26, 2025 at 4:00 PM, to be held via Video Conference (VC/OAVM). Key items on the agenda include adoption of audited financial statements for FY 2024-25, declaration of a 100% dividend (₹10 per share on existing 11,83,527 equity shares plus proportional dividend on 17,000 new shares), aggregating to about ₹1.19 crore. Shareholders will also vote on revising remuneration for Managing Director Mr. Aditya Maruti Gokarn (up to ₹250 lakhs/year) and Whole-time Director Mr. Koothanda Bheemaiah Appaiah (up to ₹140 lakhs/year), appointment of Mr. Kishore Mukund Saletore as Independent Director for 5 years, increasing borrowing powers to ₹300 crores, and approving related party transactions up to ₹350 crore with subsidiary Tritonvalves Future Tech Pvt Ltd. Book closure runs from September 20 to September 26, 2025, with the cut-off date set as September 19, 2025. The company reported FY 2024-25 sales of ₹381.4 crores (up from ₹343.3 crores) and profit after tax of ₹6.6 crores.
This is largely a routine AGM notice. The 100% dividend rewards shareholders for the second consecutive year, indicating consistent profitability. Shareholders should pay attention to the proposed increases in borrowing limits (₹300 cr) and related party transaction caps (₹350 cr), which may signal upcoming expansion or capital requirements. The remuneration hikes for top management may also be reviewed critically.