Corporate News
Amarnath Securities Limited has called for an Annual General Meeting where shareholders will vote on several resolutions, as detailed in a recently released notice. Key items for shareholder consideration include approval of secured and unsecured borrowing powers, authorization for potential Directors’ remuneration even in cases of inadequate or no profits, and approval of material related party transactions exceeding Rs. 50 crores or 10% of the company’s annual consolidated turnover. Shareholders will also be asked to approve a change in designation for Mrs. Kinnari Chetan Patel from Additional Director to Executive Whole-Time Director. Details regarding the appointment of a Secretarial Auditor were not provided. Annexures to the notice provide further information on the qualifications and directorships of Directors Chetan Balubhai Patel and Kinnari Chetan Patel.