Hardwyn India Limited — Others, 25-11-2024: Shareholders meeting

Hardwyn India Limited has announced a board meeting on December 18, 2024, for its 7th Annual General Meeting (AGM) to review the financial results for the quarter and half-year ended March 31, 2024. Key agenda items include the approval of audited financial statements, the reappointment of a director, and a proposal to revise the remuneration of the Managing Director, which would increase to ₹5,00,000 per month effective April 1, 2024. Additionally, the company plans to increase its authorized share capital from ₹35 crore to ₹50 crore.

The AGM will also address the issuance of bonus shares at a ratio of 2:5, leveraging approximately ₹13.96 crore from reserves. This could enhance shareholder value and reflect a positive outlook for the company's financial health, positioning it for potential future growth while maintaining shareholder interest.