Kiran Vyapar Ltd — Others, 30-05-2025: AGM/EGM

KiranVyapar Limited has announced a postal ballot seeking shareholder approval for three key matters. First, it seeks consent for a material related party transaction involving the merger of its associate, Placid Limited, with Maharaja Shree Umaid Mills Limited (MSUM), valued at approximately Rs. 798.72 Crores. This merger is expected to enhance operational efficiencies and resource utilization. Second, Mrs. Alka Devi Bangur has been proposed for appointment as a Non-Executive Promoter Director to support the company’s growth and sustainability efforts. Third, shareholders are asked to ratify the appointment of Mr. Shreeyash Bangur as Group President, with an annual remuneration capped at Rs. 1.25 Crores. These decisions aim to strengthen the company’s leadership and business prospects.