Please find the attached Notice of AGM
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Vaishno Cement Company has notified its 38th AGM to be held on 30th September 2025 at 4:00 PM via video conferencing. The cut-off date for voting is 23rd September 2025, with e-voting open from 26th to 29th September 2025. Key ordinary business includes adoption of FY25 audited financial statements and reappointment of Whole Time Director Jatin Nanji Chheda by rotation. Several significant special resolutions require shareholder approval: (1) shifting the registered office from Kolkata (West Bengal) to Mumbai (Maharashtra), (2) raising the borrowing limit under Section 180(1)(c) to Rs. 100 crore and enabling charges on company assets, (3) approving loans/investments/guarantees up to Rs. 100 crore under Sections 185 and 186, and (4) most importantly, issuing up to 4,99,90,000 equity shares of Rs. 10 face value (aggregating roughly Rs. 49.99 crore) through a Rights Issue or Preferential Allotment at Rs. 10 per share. The company is small-cap, listed on BSE (scrip 526941) and Calcutta Stock Exchange. Resolutions 3-9 are special resolutions, requiring a 75% majority to pass.
The equity issuance proposal of nearly 5 crore shares (~Rs. 50 crore) is materially significant and potentially dilutive for existing shareholders—the price floor of Rs. 10 per share is notably at face value with no premium. The registered office shift to Mumbai has no direct financial impact but signals strategic relocation. The expanded borrowing and investment limits (Rs. 100 crore each) suggest the company may be preparing for fresh debt or acquisition activity. Shareholders should weigh the dilution risk against any stated capital plan; AGM voting outcomes on 30th September will be decisive.