PFA, the revised outcome of 26thAGM
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Awaiting price reaction for this filing.
Uday Jewellery Industries held its 26th AGM on 29th September 2025 via video conferencing from 12:00 PM to 12:40 PM, attended by 100 members. Nine resolutions were passed, including adoption of audited financial statements for FY 2024-25, re-appointment of Mrs. Pritha Sanghi (who also moved from Non-Executive to Whole Time Director with remuneration), and approval of MD remuneration for Mr. Ritesh Kumar Sanghi. A special resolution was passed to increase the company's borrowing powers and allow creation of charge on assets under Sections 180(1)(C) and 180(1)(A). Other approvals included material related party transactions, appointment of Mr. Dileep Kumar Jain as Independent Director for 5 years, re-appointment of Mr. Sunil Garg as Independent Director for 5 years, and appointment of CS Arpita Dhar as Secretarial Auditor for 5 years. E-voting results and scrutinizer's report will be filed by 1st October 2025.
The increase in borrowing powers and approval of material related party transactions could signal the company's plans for expansion or higher working capital needs. The change in designation of Mrs. Pritha Sanghi to Whole Time Director and approval of MD remuneration indicate a strengthening of the promoter-led management structure. Investors should watch for the e-voting results by 1st October 2025 to see shareholder voting patterns, especially on related party transactions.