Felix Industries Limited — Others, 07-05-2025: Shareholders meeting

Felix Industries has announced a postal ballot seeking member approval for three key actions to support growth. The board proposes authorizing loans, advances, or guarantees up to Rs. 80 Cr to its associate Eco-Vision Aqua Care Pvt. Ltd. for working capital. It also seeks approval for the re-appointment of Mr. Ritesh Vinay Patel as Managing Director for three years with a salary up to Rs. 10 lakh per month, highlighting leadership stability. Additionally, related party transactions up to Rs. 51 Cr with subsidiaries and associates are proposed for FY 2025-26, covering sales, purchases, and leasing.