Appointment of Secretarial Auditor of the Company subject to the approval of Shareholders at ensuing AGM of the Company
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The board of ZR2 Bioenergy Ltd (formerly Gujchem Distillers India Ltd) met on September 3, 2025 and approved several items. It recommended a final dividend of Rs. 0.10 per equity share (10%) for FY ended March 31, 2025, pending shareholder approval at the 86th AGM, with the record date set as September 9, 2025. The board appointed M/s Ritika Agarwal & Associates as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. It also approved the shifting of the registered office from Gujarat to Maharashtra and the reclassification of authorized share capital, converting preference shares and unclassified shares into equity shares while keeping total capital at Rs. 10 crore. Additionally, the board approved a new Employee Stock Option Plan called 'ZR2 Bioenergy ESOP 2025', subject to shareholder and stock exchange approval. Mr. Nilesh Jayant Jain was recommended for re-appointment as director, retiring by rotation.
Shareholders stand to receive a small dividend of Rs. 0.10 per share if approved at the AGM, and the proposed ESOP 2025 may dilute equity slightly in the future but signals intent to retain and motivate employees. The shift of the registered office from Gujarat to Maharashtra (where the corporate office in Mumbai already exists) may streamline operations but is largely administrative, with no material effect on share price expected.