HP Telecom India Limited — Others, 03-07-2025: Shareholders meeting

HP Telecom India Limited has announced a board meeting to adopt the financial results for the quarter and half-year. The company will seek shareholder approval to re-appoint Mrs. Seemabahen Vijay Yadav as Whole-Time Director, appoint R P R & Co. as its new Statutory Auditors replacing M/s. Aslot & Associates with a proposed fee of Rs. 5.5 lakh, and appoint Mr. Bhaveshkumar Arjunkumar Rawal as Secretarial Auditor for five years. It proposes related party transactions totaling up to Rs. 2,760 Cr annually, primarily for sale, purchase, and services with entities linked to its directors. The company will adopt new Articles of Association based on Table F of the Companies Act, 2013, increase its borrowing limits up to Rs. 250 Cr, and seek shareholder approval for granting loans, guarantees, securities, and investments up to Rs. 250 Cr to related parties and others as per business needs. Mrs. Yadav holds 31.29% stake and contributes operational oversight in telecom. These moves aim to streamline governance, strengthen audit functions, enable financial flexibility, and sustain business operations aligned with long-term strategy, beneficial for shareholders.