Annual Report of Universal Autofoundry Limited for Financial Year 2024-25
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Universal Autofoundry Limited has filed the notice for its 16th Annual General Meeting (AGM) along with the Annual Report for FY 2024-25. The AGM is scheduled for Friday, September 19, 2025 at 11:00 AM through video conferencing. Ordinary business includes adopting the FY25 audited financial statements and re-appointing Mr. Gajendra Kumar Tyagi as Wholetime Director (retiring by rotation). Special business includes appointing M/s Arms & Associates LLP as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30), ratifying Cost Auditor remuneration of Rs. 35,000, and approving related party transactions. The company also seeks shareholders' approval to re-appoint Mr. Vimal Chand Jain (age 76) as Chairman & Managing Director for 5 years with a salary of Rs. 50.04 lakh per annum, and to raise the overall managerial remuneration cap from Rs. 188 lakh to Rs. 225 lakh per annum. E-voting runs from September 15 to September 18, 2025, with a cut-off date of September 12, 2025.
This is primarily a routine AGM and annual report filing, but shareholders will vote on a proposed increase in the overall managerial remuneration limit (from Rs. 188 lakh to Rs. 225 lakh) and re-appointment of the 76-year-old Chairman & MD. The book closure period (September 13-19, 2025) means shareholders must hold shares by September 12 to be eligible to vote and receive any declared dividends.