Notice of 16th Annual General Meeting and Annual Report for FY 2024-25
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Universal Autofoundry Limited has informed BSE about its 16th Annual General Meeting scheduled for Friday, 19th September 2025 at 11:00 AM through video conferencing. Along with the AGM notice, the company has shared its Annual Report for FY 2024-25, sent electronically to shareholders. Key items to be transacted include adoption of FY25 financial statements, re-appointment of Mr. Gajendra Kumar Tyagi as Wholetime Director, appointment of M/s Arms & Associates LLP as Secretarial Auditors for five years (FY 2025-26 to 2029-30), ratification of Cost Auditor remuneration of Rs. 35,000, approval for related party transactions, re-appointment of Mr. Vimal Chand Jain (age 76) as Chairman and Managing Director for 5 years with a proposed salary of Rs. 50.04 lakh per annum, and revision of overall maximum managerial remuneration limit from Rs. 188 lakh to Rs. 225 lakh per annum effective FY 2025-26. The Chairman's message also highlighted the commissioning of a 3.60 MW AC (5 MWp DC) Captive Solar PV Power Plant at Bikaner, which began commercial production on 24 July 2025. E-voting window opens on 15 September 2025 and closes on 18 September 2025.
For shareholders, this is a routine AGM filing with several items requiring their votes, most notably the proposed revision in managerial remuneration limit and re-appointment of senior directors including the 76-year-old Chairman. The new solar power plant could support long-term cost efficiency and capacity growth, which may be viewed positively by investors.