Arcee Industries Ltd — Others, 27-06-2025: AGM/EGM

Arcee Industries Limited has announced a board meeting to consider and adopt the financial results for the quarter and half-year, and to discuss the sale of its plant and machinery located at its registered office in Hisar, Haryana. The company is facing ongoing losses, with outdated and inefficient PVC unit machinery, and unsuccessful attempts to expand into MS pipe manufacturing due to working capital constraints. To address creditor payments and avoid legal actions, the board plans to sell the entire plant and machinery. Additionally, a new statutory auditor, M/s. Jain Mittal Chaudhary & Associates, will be appointed for a five-year term, and Ms. Anju Jain is proposed as secretarial auditor for five consecutive years. Shareholders’ approval is sought for these proposals at the AGM.