Notice of 33RD Annual General Meeting to be heldon 18th September AT 3PM AT Reg office at 808 C Pinnacle Business Park, Corporate Road, Prahladangar, Ahmedabad-380015 via VC mode
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VMS Industries has called its 33rd AGM on September 18, 2025 at 3:00 PM, to be held via video conferencing from its Ahmedabad registered office. Ordinary business includes adoption of FY25 audited financial statements, re-appointment of Whole Time Director Sangeeta Jain (retiring by rotation), and re-appointment of S N Shah & Associates as statutory auditors. Key special business items include shareholder approval for material related party transactions worth up to Rs 500 crore with Aditya Ultra Steel Ltd (AUSL) and up to Rs 100 crore with VMS TMT Ltd, both for FY26 onwards on an arm's length basis. The company is also seeking approval for a Rs 50 crore loan or guarantee to VMS TMT Ltd under Section 185, ratification of cost auditor remuneration, appointment of Umesh Ved & Associates as secretarial auditor for five years (FY26-FY30), and appointment of Ms Dhwani Nagar as a non-executive independent director. E-voting window is open from September 15-17, 2025, with the record date set as September 12, 2025.
Shareholders should review the two large related party transactions (totaling up to Rs 600 crore) and the Rs 50 crore inter-company loan, all involving promoter-linked entities (Manojkumar Jain and Sangeeta Jain family), as these require shareholder votes and represent significant counterparty exposure. The agenda is largely routine and procedural with no immediate share-price trigger, but voting outcomes on RPTs and the Section 185 loan will be closely watched by minority investors.