Please find attached herewith Notice for 33rd Annual General Meeting of Vippy Spinpro Limited to be held on Saturday 30th August 2025, at 11:30 AM through Video Conferencing / Other Audio ....
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Vippy Spinpro Limited has notified the 33rd AGM of its members, scheduled for Saturday, August 30, 2025, at 11:30 AM through video conferencing. The AGM will consider six business items: (1) adoption of audited financial statements for FY24-25; (2) re-appointment of Shri Praneet Mutha as a director (retiring by rotation); (3) ratification of Cost Auditor M/s M. Goyal & Co.'s remuneration of Rs. 30,000 p.a. for FY25-26; (4) re-appointment of Shri Mangalore Maruthi Rao (aged 87) as Whole Time Director for one year w.e.f. October 28, 2025, with remuneration up to Rs. 35,000 per month; (5) revision in Managing Director Mr. Piyush Mutha's remuneration with a basic salary of up to Rs. 12,00,000 per month plus perquisites, effective April 1, 2025; and (6) appointment of M/s Shilpesh Dalal & Company as Secretarial Auditor for a 5-year term from April 1, 2025 to March 31, 2030. The remote e-voting window is from August 27 to August 29, 2025, with a cut-off date of August 23, 2025, and the register of members will be closed from August 24 to August 30, 2025.
The most notable item for shareholders is the proposed significant hike in Managing Director remuneration (basic salary raised to up to Rs. 12 lakh per month, plus perquisites and benefits), which requires shareholder approval as a Special Resolution. The re-appointment of the 87-year-old Whole Time Director and the 5-year Secretarial Auditor appointment are routine but worth noting. No material financial results or dividends are part of this notice; share trading may be muted as the books remain closed during the AGM period.