Vintage Coffee And Beverages Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on Jun 20, 2025
VINCOFE · price
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Vintage Coffee and Beverages has called an Extraordinary General Meeting (EOGM) on June 20, 2025, at 10:30 AM via video conferencing, with e-voting open from June 17 to June 19, 2025. Three resolutions are on the table: (1) appointment of Mr. Sai Teja Tati as a Director, (2) his appointment as Whole-time Director for 3 years (May 7, 2025 to May 6, 2028) at Rs. 3,06,000 per month plus 0.5% commission on net profits, and (3) appointment of Mrs. Pushpa Joshi as Independent Director for 5 years. Mr. Sai Teja Tati is the 26-year-old son of Managing Director Mr. Balakrishna Tati and holds 3,77,025 equity shares as a promoter. The explanatory statement also discloses strong financial growth: consolidated revenue rose to Rs. 30,852 lakhs (from Rs. 13,104 lakhs) and consolidated PAT jumped to Rs. 4,015 lakhs (from Rs. 1,198 lakhs) year-on-year. The cut-off date for e-voting eligibility is June 13, 2025.
Shareholders will vote on elevating the promoter's son to a paid executive role, which is a governance-sensitive item. Strong doubling of consolidated profits provides positive financial context, but the related-party nature of Item 1 and 2 will likely draw attention from institutional and minority shareholders ahead of the vote.