Please find enclosed notice of 26th AGM
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Uday Jewellery Industries has called its 26th AGM on Monday, September 29, 2025 at 12:00 PM via video conferencing. Key business to be transacted includes adopting FY25 audited financials, reappointing Mrs. Pritha Sanghi as a director, and approving material related party transactions of up to Rs. 150 crore with Sanghi Jewellers Pvt Ltd (common directors) and Rs. 50 crore with Narbada Gems and Jewellery Ltd for the period October 1, 2025 to September 30, 2026. Shareholders will also vote on increasing the company's borrowing limit to Rs. 150 crore with power to create charges on assets. Other items include appointing Mr. Dileep Kumar Jain as Independent Director for 5 years, reappointing Mr. Sunil Garg as Independent Director for another 5-year term, converting Mrs. Pritha Sanghi from Non-Executive to Whole-Time Director at Rs. 4 lakh/month, approving Managing Director Mr. Ritesh Kumar Sanghi's remuneration at Rs. 6 lakh/month, and appointing CS Arpita Dhar as Secretarial Auditor for 5 years. E-voting runs from September 26-28, 2025 with September 19 as the cut-off date.
Shareholders should watch the large related party transactions with promoter-group entities (Rs. 200 crore combined) and the doubling of borrowing capacity to Rs. 150 crore, as these signal potential expansion or increased leverage. Approval of managerial remuneration fixes promoter compensation but is not unusual. Outcome of these resolutions will shape the company's capital structure and intra-group dealings for the next year.