Proceedings of the Extra-Ordinary General Meeting of the Company held on July 31, 2025
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Uniroyal Marine Exports held an Extra-Ordinary General Meeting on July 31, 2025, via video conferencing from 2:30 PM to 2:58 PM. The sole item of business transacted was a special resolution to sell and transfer the company's land and building of about 180 cents located at Chamancheri, Vengalam P.O, Calicut, Kerala, through an open bid/public tender process, and to authorize a leaseback arrangement on the same property. No shareholders had pre-registered as speakers to ask questions on the agenda. E-voting facility was provided to members, with Mr. Sandeep Kumar appointed as Scrutinizer. The consolidated voting results and Scrutinizer's Report will be submitted to BSE and uploaded on the company's website separately within the stipulated time.
The resolution is essentially a sale-and-leaseback of the company's main premises, which could unlock cash tied up in real estate but will create a future rental obligation for shareholders. Investors should await the voting outcome and scrutinizer's report to confirm shareholder approval.