Please find enclosed herewith the Proceeding of the 41st Annual General Meeting of the Company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
United Leasing & Industries Limited held its 41st Annual General Meeting on 30th September 2025 in Gurugram, Haryana, from 10:30 AM to 11:30 AM. The meeting was chaired by Managing Director Mr. Ashish Khanna, with CS Manav Kamra conducting the proceedings. Seven resolutions were put before shareholders for approval, including adoption of financial statements for the year ended March 31, 2025, re-appointment of Mr. Anil Kumar Khanna (who retires by rotation), regularization of Ms. Sonia Vaid as Non-Executive Independent Director for five years, increase in borrowing limits under Section 180(1)(C), authority to advance loans and provide guarantees under Section 185, and approval of related party transactions with SIPL Textile Private Limited and RLF Limited for FY 2025-26. Remote e-voting took place from 27th to 29th September 2025, with ballot paper voting also conducted at the AGM. Mr. Sumit Bajaj was appointed as scrutinizer, and voting results were to be declared within 48 hours of the meeting's conclusion.
The AGM outcomes are largely procedural and governance-related, but shareholders should watch for the voting results, particularly on the borrowing limit increase, Section 185 powers, and the two related party transactions, which could affect the company's financial flexibility and connected-party dealings. Approval of a new Independent Director also signals a change in board composition.