Vishwaraj Sugar Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2025
VISHWARAJ · price
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Vishwaraj Sugar Industries held its 30th Annual General Meeting on September 24, 2025, at 11:30 AM at its registered office in Belagavi, Karnataka, with 82 members present in person and by proxy. The meeting concluded at 12:15 PM, chaired by Managing Director Nikhil Katti. Shareholders approved 10 resolutions, including adoption of FY25 audited financials, re-appointment of Nikhil Katti and Mrs. Sneha Nithin Dev, appointment of Mr. Mallikarjun Pujar as Whole-Time Director for 3 years, and re-appointment of Mr. Vishnukumar Kulkarni as Independent Director for a second 5-year term. Cost Auditor remuneration of Rs. 1,80,000 for M/s. S.K. Tikare & Co. and appointment of Mrs. Vinita D. Modak as Secretarial Auditor for 5 years (FY26–FY30) were also approved. Two special resolutions approved relatives of directors — Mr. Lava Katti (COO) and Mrs. Shruti Katti (CAO) — to hold office of profit at Rs. 45,49,872 per annum, capped at Rs. 75,00,000 per annum.
Routine AGM proceedings with standard business approvals; no material financial or strategic change for shareholders. The approval of relatives holding office of profit is a regulatory requirement and not a material concern, as it involves promoter family members at modest salary levels.