Annual General Meeting of the Company on 30th September''2025
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Ventura Textiles has called its 55th AGM on 30th September 2025 at 10:30 AM at its registered office in Andheri (East), Mumbai, with remote e-voting open from 27–29 September 2025. Ordinary business items include adoption of FY25 audited financials and re-appointment of Mr. Abhijit Rao (DIN: 00189126) who retires by rotation. The key special resolution proposes reducing paid-up share capital from Rs.19.45 crore (Rs.10 per share) to Rs.3.89 crore (Rs.2 per share) by cancelling Rs.8 per share, aimed at wiping out accumulated losses of about Rs.15.56 crore, pending NCLT approval. Another special resolution seeks to add new main objects covering brewery, alcohol, liquor, beer manufacturing and trading business — a major diversification move away from textiles. Additionally, the Board is seeking re-appointment of Mr. Mohan Rao Penugonda as Chairman & Managing Director for 5 years (1 July 2025 to 30 June 2030) at NIL remuneration, along with appointment of M/s Sharma and Trivedi LLP as Secretarial Auditors for a 5-year term.
For shareholders: The capital reduction will reduce book value per share but clean up the balance sheet by eliminating accumulated losses; the move into liquor/beer signals a sharp strategic pivot away from textiles, which could reshape the company's future earnings profile. Approval of multiple special resolutions — especially capital restructuring and new business objects — is required from shareholders, and outcomes will materially affect the company's direction and per-share metrics.