PLEASE FIND ENCLOSED OUTCOME AGM DATED 29/09/2025
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Uday Jewellery Industries Ltd held its 26th AGM on 29th September 2025 via video conferencing, attended by 65 members and concluding in about 40 minutes. Nine resolutions were transacted, including adoption of FY25 audited financial statements, re-appointment of a director, approval of material related party transactions, and an increase in borrowing powers and ability to create charges on company assets under Sections 180(1)(c) and 180(1)(a) of the Companies Act, 2013. The AGM also approved the appointment of a new Independent Director, re-appointment of an existing Independent Director, a change in designation of Mrs. Pritha Sanghi from Non-Executive to Whole-Time Director with remuneration, and approval of remuneration for Managing Director Ritesh Kumar Sanghi. A secretarial auditor was also appointed for a five-year term. The e-voting results and scrutinizer's consolidated report are to be submitted by 1st October 2025.
The key items to watch are the increased borrowing powers and related party transaction approvals, which could expand the company's debt capacity and intra-group dealings. The change in designation of Mrs. Pritha Sanghi to Whole-Time Director and approval of MD remuneration formalize leadership structure. Investors should await the e-voting results on 1st October for the final voting breakdown.