AG Ventures Limited — Others, 04-07-2025: Shareholders meeting

AG Ventures Limited (formerly Oriental Carbon and Chemicals Limited) has advanced its transition to a focused trading and investment business following the demerger of its Chemical business to OCCL Limited effective July 1, 2024. This resulted in a substantial exceptional loss of Rs. 374.95 Cr due to the difference in assets and liabilities transferred. For FY25, the company reported revenue of Rs. 22.39 Cr (continuing operations), with a profit after tax of Rs. 5.62 Cr, down from Rs. 14.45 Cr in the prior year, reflecting reduced income from liquid investments post-demerger. The Board recommends no dividend for FY25 to conserve funds. Key corporate actions include shifting the registered office from Gujarat to Uttar Pradesh for operational efficiencies and appointing Mrs. Mitali Gupta as an Independent Director. Mr. Akshat Goenka continues as Non-Executive Director, with approved commission up to Rs. 12.5 Cr for FY26. The Company maintains compliance with governance norms and has appointed M/s P Sarawagi & Associates as Secretarial Auditors for five years. The subsidiary Duncan Engineering Ltd continues operations with stable profit and turnover growth. The company’s risk management and internal control systems are robust, with a focus on commodity price risks, foreign exchange, and liquidity management.