Submission of Minutes of the 22nd Annual General Meeting(AGM) Held on 30th September, 2025.
VASWANI · price
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Vaswani Industries submitted the minutes of its 22nd AGM held via video conferencing on September 30, 2025, which ran from 3:47 PM to 4:10 PM with 71 members present. During the meeting, the Whole Time Director highlighted FY25 revenue from operations of ₹41,163.59 Lakhs, up from ₹38,934.41 Lakhs in FY24, while Profit After Tax dipped slightly to ₹860.43 Lakhs from ₹903.29 Lakhs. The company shared progress on its Billet manufacturing capacity expansion from 66,000 MT to 1,50,000 MT per annum (completed June 2025), a fully operational solar power project in Gandai, and two new projects in Mohbhatra set to commence by November 2025. All six resolutions were passed with near-unanimous approval (99.99%+), including adoption of financials, reappointment of Mr. Yashwant Vaswani, ratification of Cost Auditor remuneration (₹40,000), approval of related party transactions with Kwality Foundry Industries up to ₹100 crores, appointment of Mr. Devendra Kumar Jain as Independent Director, and appointment of M/s Mund Bikram & Associates as Secretarial Auditor for five years.
Shareholders have been formally apprised of FY25 results showing modest top-line growth but a marginal dip in net profit, alongside significant capacity expansion (Billet capacity more than doubled) and renewable energy investments that could support future earnings. All resolutions cleared with overwhelming majority, signalling strong shareholder confidence and no governance disruptions; the ₹100 crore related party transaction approval with Kwality Foundry Industries is the key item warranting closer monitoring for arm's-length pricing.