Shringar House of Mangalsutra Announces 17th AGM on Sep 28, 2026
Shringar House of Mangalsutra Limited will hold its 17th AGM on September 28, 2026, to adopt FY26 financials and re-appoint Mr. Viraj Chetan Thadeshwar. Approval will be sought to increase borrowing limits to ₹1,000 Crore and revise remuneration for Mr. Chetan Natwarlal Thadeshwar (₹3.60 Cr), Mr. Viraj Chetan Thadeshwar (₹1.30 Cr), and Mr. Balraj Chetan Thadeshwar (₹1.30 Cr).
The increase in borrowing limits to ₹1,000 Crore and the adjustments to managerial remuneration are significant corporate decisions that could impact the company's financial structure and operational capacity. The re-appointment of a director and adoption of financial statements are standard but important governance activities.
The announcement is a routine notice for an Annual General Meeting and related corporate actions, including financial statement adoption, director re-appointment, borrowing limit increase, and remuneration adjustments. These are standard procedures and do not inherently indicate positive or negative performance.
Shringar House of Mangalsutra Limited has announced the 17th Annual General Meeting (AGM) for the Financial Year 2025-26. The AGM is scheduled to be held on Monday, September 28, 2026, at 03:00 P.M. IST through video conferencing (VC) / other audio-visual means (OAVM), in compliance with applicable circulars from the Ministry of Corporate Affairs and SEBI.
The agenda for the AGM includes the adoption of audited financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. Shareholders will also vote on the re-appointment of Mr. Viraj Chetan Thadeshwar as Director, who retires by rotation.
Furthermore, the meeting will seek approval to increase the company's borrowing limits up to ₹1,000 Crore. Additionally, proposals include the approval for an increase in remuneration for key managerial personnel: Mr. Chetan Natwarlal Thadeshwar as Chairman & Managing Director (₹3.60 Crore per annum from April 1, 2026, to November 21, 2027), Mr. Viraj Chetan Thadeshwar as Executive Director (₹1.30 Crore per annum for the same period), and Mr. Balraj Chetan Thadeshwar as Whole-Time Director (₹1.30 Crore per annum for the same period).
The Notice of the 17th AGM, forming part of the Integrated Annual Report 2025-26, is being sent to shareholders electronically and is also available on the company's website.
A plain-language summary of a public exchange filing by Shringar House of Mangalsutra Limited. Read the original for the full detail.