Orient Cement Limited — Others, 01-08-2025: Shareholders meeting

Orient Cement has issued a corrigendum to its upcoming 14th Annual General Meeting notice. The update clarifies the proposed annual fees of 0.375 Cr for M/s G. K. Choksi & Co., appointed as Statutory Auditors. Shareholders will also vote on appointing M/s Parikh Dave & Associates as Secretarial Auditors with annual fees of 0.0185 Cr. Additionally, the Board seeks approval to waive the recovery of 4.32 Cr in excess remuneration paid to the former MD & CEO for FY25 due to reduced profits. Approval is also sought for related party transactions for coal/petcoke purchase with Adani Global PTE, valued up to 800 Cr, which represents 29.53% of FY25 consolidated turnover.