Summit Securities to Hold 28th AGM on August 7; FY25 Results, Director Re-appointment on Agenda

About this update from Summit Securities Limited

Summit Securities Limited has announced that its Twenty-Eighth Annual General Meeting (AGM) will be held on Thursday, August 07, 2025, at 11:30 a.m. (I.S.T.) via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting's agenda includes the adoption of the company's financial statements for the fiscal year 2024-25, the re-appointment of a director, and the appointment of Secretarial Auditors.28th Annual General Meeting DetailsParticularsDetailsCompanySummit Securities LimitedAGM DateAugust 07, 2025AGM Time11:30 a.m. (I.S.T.)Meeting ModeVideo Conferencing (VC) / Other Audio-Visual Means (OAVM)Financial Year2024-25Remote E-Voting StartAugust 04, 2025 (09:00 a.m. IST)Remote E-Voting EndAugust 06, 2025 (05:00 p.m. IST)Cut-off Date for VotingJuly 31, 2025Key Decisions and AgendaThe upcoming AGM will address several key items, categorized as ordinary and special business. Under ordinary business, shareholders will be asked to receive, consider, and adopt the audited financial statements, including the audited consolidated financial statements, for the financial year ended March 31, 2025. This includes reviewing the reports of the Auditors and the Board of Directors. Additionally, the re-appointment of Mr. Manish Jain, a Non-Independent, Non-Executive Director (DIN: 05307900), who retires by rotation, will be put to vote. Mr. Jain is eligible and has offered himself for re-appointment.For special business, the board proposes the appointment of M/s. Parikh Parekh & Associates, Practicing Company Secretaries (Firm Registration No. P1987MH010000), as Secretarial Auditors. This appointment is for a term of five consecutive financial years, commencing from FY 2025-26 until FY 2029-30. The proposed remuneration for their services for FY 2025-26 is ₹1,00,000 (Rupees One Lakh only) per annum, plus applicable taxes. For subsequent years, the remuneration will be mutually agreed upon between the Board of Directors and the Secretarial Auditors.Meeting Details and ParticipationIn line with circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI), the AGM will be conducted entirely through virtual means, without the physical presence of members. The company has partnered with National Securities Depository Limited (NSDL) to facilitate remote e-voting and participation in the AGM via VC/OAVM.The remote e-v...

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