Notice of the Meeting to be held on 30th Septmber''2025
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Awaiting price reaction for this filing.
Ventura Textiles has called its 55th AGM on Tuesday, 30 September 2025 at 10:30 a.m. at its registered office in Andheri (East), Mumbai, with remote e-voting open from 27 September to 29 September 2025. Seven resolutions are on the agenda: adopting FY2024-25 audited financials, reappointing director Mr. Abhijit Rao (retiring by rotation), appointing M/s Sharma and Trivedi LLP as Secretarial Auditors for five years (FY2025-26 to FY2029-30), adding brewery/liquor/spirits business to the company's main objects, and crucially seeking shareholder approval to reduce paid-up share capital. The capital reduction will cut face value from Rs. 10 to Rs. 2 per share on 1.94 crore equity shares, cancelling Rs. 8 per share to wipe out accumulated losses of about Rs. 15.56 crore. The CMD Mr. Mohan Rao Penugonda will also be reappointed for five years at nil remuneration.
The big-ticket item is the capital reduction to write off accumulated losses — share count stays the same but face value drops from Rs. 10 to Rs. 2, so the stock price will technically adjust downward proportionally (no change in shareholder value). Adding a brewery/liquors business suggests a possible diversification beyond textiles, subject to regulatory approvals. CMD reappointment at zero salary signals continuity with no incremental cost to the company.