We forward herewith the notice of the 33rd AGM of the company scheduled to be held on Friday, September 19,2025 at 11:00 a.m (IST) via two-way Video Conference/Other Audio-Visual Means.
Awaiting price reaction for this filing.
Minolta Finance Ltd has sent notice for its 33rd AGM to be held on Friday, September 19, 2025 at 11:00 AM via video conferencing. Key agenda items include adoption of FY25 audited financial statements, re-appointment of Director Mr. Arvind Jethalal Gala (retiring by rotation), and appointment of M/S JCR & Co. LLP as new Statutory Auditor for a 5-year term. A significant special resolution seeks shareholder approval for an Employee Stock Option Plan 2025 covering up to 1 crore equity shares at a Rs. 1 per share exercise price. Another special resolution proposes shifting the registered office from Kolkata (West Bengal) to Mumbai (Maharashtra). A new Secretarial Auditor, M/s. Amruta Giradkar & Associates, is also proposed for a 5-year term (FY 2025-26 to FY 2029-30). Remote e-voting runs from September 14 to September 18, 2025, with the cut-off date set at September 11, 2025.
Shareholders should review the ESOP proposal carefully as it could lead to dilution of up to 1 crore shares at just Rs. 1 per share, which is well below market value. The registered office shift to Maharashtra is largely administrative and aligns with where business operations are already based. Investors who cannot attend the virtual AGM should cast their votes electronically through NSDL before September 18, 2025.