Please find attached Annual Report 2024-25 together with Notice of 38th Annual General Meeting
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Awaiting price reaction for this filing.
Tuni Textile Mills has filed the Notice of its 38th Annual General Meeting along with the Annual Report for FY 2024-25 with BSE. The AGM is scheduled for Wednesday, June 25, 2025 at 2:00 PM via video conferencing. Ordinary business includes adoption of FY25 audited financials and re-appointment of Mrs. Urmila Devi Sureka as Non-Executive Director (retiring by rotation). Special business includes appointing M/s Kriti Daga as Secretarial Auditor for five years and approving a near 5x increase in authorised share capital from Rs. 13.5 crore to Rs. 65 crore (65 crore shares of Re 1 each). The company is also seeking shareholder approval to raise its borrowing limit and create charges/mortgages on assets up to Rs. 100 crore. Additionally, resolutions are proposed to revise remuneration for Managing Director Narendra Kumar Sureka and Executive Director Pradeep Kumar Sureka to up to Rs. 15 lakh per annum each (plus allowances) effective April 1, 2025 for two years.
Beyond a routine AGM filing, the notice flags meaningful corporate actions: a sharp jump in authorised share capital signals potential equity fundraising, and the higher borrowing ceiling (Rs. 100 crore) and expanded powers to mortgage assets point to possible future debt activity. Retail shareholders should review the director remuneration hikes and capital-related resolutions before voting at the June 25 AGM.