Notice for the 39th Shareholders AGM on 09th September 2025 is attached herewith.
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Awaiting price reaction for this filing.
V.B. Desai Financial Services Limited has issued the notice for its 39th Annual General Meeting to be held on Tuesday, September 9, 2025 at 11:30 am via video conferencing. The ordinary business includes adoption of FY25 financial statements and re-appointment of two retiring-by-rotation directors — Mrs. Rachana S. Vijayakar and Mr. Jitendra R. Shroff. Two special business items are on the agenda: appointment of Amosh Archapelli & Associates as secretarial auditor for five consecutive years (FY 2025-26 to FY 2029-30), and approval by special resolution of material related party transactions with three promoter-group entities — Aarayaa Advisory Services (up to Rs. 3 crore, ~90% of FY25 turnover), Desai Investments (up to Rs. 2 crore, ~60.10% of turnover) and VBD Capital Advisors (up to Rs. 25 lakhs, ~7.52% of turnover). The Aarayaa Advisory entity is promoted by the Managing Director's son, while Desai Investments is a promoter group company holding 17.04% of the company. The cut-off date for e-voting is September 2, 2025, and related parties will abstain from voting on the RPT resolution.
The routine items (accounts adoption, director re-appointments, auditor appointment) are non-event and unlikely to move the stock. The RPT approval, however, is the key resolution to watch — the transactions are large relative to company turnover and involve promoter-linked entities, so minority shareholders' votes will be decisive since related parties must abstain.