Manav Infra Projects Limited — Others, 26-06-2025: Shareholders meeting

Manav Infra Projects Limited has announced a board meeting to consider and adopt the financial results for the quarter and half-year ending March 31, 2025. The meeting will also address key corporate matters including the re-appointment of Mr. Mahendra Narayan Raju as a Director, appointment of Mr. Vipul Vishnu Awaghade as an Independent Director for a five-year term, and approval for the Board to borrow funds and create charges up to Rs. 20 Cr to support business growth. The Board is seeking shareholders' approval for revisions in remuneration of Managing Director Mr. Mahendra Raju (up to Rs.48 Lacs) and Executive Director Mr. Dinesh Yadav (up to Rs.10 Lacs). Additionally, appointment of M/s. P M Agarwal & Co. as Secretarial Auditor for five years is proposed. The AGM is scheduled via video conferencing. Financial highlights show revenue grew to Rs. 2449.73 Lacs with net profit rising to Rs. 321.87 Lacs. The company has successfully completed a rights issue, raising Rs. 69.56 Cr with 92.51% subscription. The company continues to focus on roads, highways, and real estate infrastructure, aiming for sustained growth. Internal controls, compliance, and corporate governance practices are affirmed to be robust and effective.