Striders Impex to hold 5th AGM via video conference on Aug 6

1 min read     Updated on 12 Jul 2026, 11:08 AM
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AI Summary

Striders Impex Limited will conduct its 5th Annual General Meeting on Thursday, August 06, 2026, at 11:30 A.M. IST via Video Conferencing and Other Audio Visual Means. The meeting complies with the Companies Act, 2013, and SEBI regulations, with notices and reports sent electronically to members.

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Striders Impex Limited has announced that its 5th Annual General Meeting (AGM) will be held on Thursday, August 06, 2026, at 11:30 A.M. IST via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The company has submitted newspaper advertisements to the National Stock Exchange of India Limited, informing equity shareholders about the meeting scheduled to comply with the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The advertisements were published in the Free Press Journal (English Edition) and Nav Shakti (Marathi Edition). The meeting follows General Circular Nos. 14/2020, 17/2020, 20/2020, and 03/2025 issued by the Ministry of Corporate Affairs.

Notice and Report Distribution

In compliance with the relevant circulars, the Notice convening the AGM and the Integrated Annual Report for the Financial Year 2025-26 will be sent electronically to members whose email addresses are registered with their respective Depository Participants. These documents will also be available on the company's website, the NSE Limited website, and the National Securities Depository Limited (NSDL) website.

Members holding shares in dematerialised form who have not registered or wish to update their email addresses are requested to do so with their Depository Participants to facilitate electronic delivery of the notice and report.

E-Voting Facilities

Striders Impex Limited will provide the facility of remote e-voting and e-voting during the AGM through NSDL. Detailed instructions for participation via VC/OAVM and for casting votes will be included in the Notice of the AGM. Members who have not registered their email addresses must refer to the notice to obtain the User ID and password required for remote e-voting.

The filing was signed by Shweta Mahadeo Dagade, Company Secretary & Compliance Officer, on July 09, 2026.

Historical Stock Returns for Striders Impex

1 Day5 Days1 Month6 Months1 Year5 Years
+2.60%-2.30%-9.51%-16.99%-16.99%-16.99%

What key agenda items are expected to be discussed during the 5th AGM?

How might the company's performance in FY 2025-26 influence shareholder sentiment?

Could the shift to virtual meetings impact shareholder participation levels?

Striders Impex approves Rs 30 lakh investment in UAE subsidiary

1 min read     Updated on 28 Jun 2026, 10:41 AM
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AI Summary

Striders Impex Limited has approved a Rs 30,00,000 investment in its UAE subsidiary, Striders FZ L.L.C, to support working capital and business growth. The Board approved the cash acquisition on June 26, 2026, with completion expected in 8-10 months. The subsidiary, engaged in general trading and e-commerce, reported a turnover of USD 1,401,878 for FY26.

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Striders Impex Limited has approved a further investment of Rs 30,00,000 in its wholly owned subsidiary, Striders FZ L.L.C, UAE, to bolster the subsidiary's working capital and support its business operations. The Board of Directors approved the proposal on June 26, 2026, authorizing the acquisition of equity shares through cash consideration. The investment aims to strengthen the financial position of the UAE-based entity, which operates in the general trading and e-commerce sector.

The transaction falls under the ambit of related party transactions as Striders FZ is a wholly owned subsidiary of the company. The deal was conducted at arm’s length, supported by a valuation report from a registered valuer. Mr. Mustafa Esmail Kapasi, Joint Managing Director of Striders Impex, serves as a Director in Striders FZ. The company stated that no other promoter or group companies hold any interest in the subsidiary beyond the shares already owned by the company.

Striders FZ was incorporated on October 24, 2018, under the provisions of the Fujairah Media Free Zone in the United Arab Emirates. The entity specializes in the global distribution, marketing, and trading of toys and kids' consumer merchandise. It was acquired by Striders Impex on March 29, 2025. The subsidiary maintains a business presence in several international markets, including the Netherlands, Finland, the United States, the United Kingdom, and Germany.

The financial performance of Striders FZ has shown growth over the past three years. For the financial year ended March 31, 2026, the subsidiary reported a turnover of USD 1,401,878. This represents an increase from the previous financial year's turnover of USD 12,86,241. The company will make necessary filings under the Foreign Exchange Management Act, 1999, and other applicable laws to facilitate the investment. The acquisition process is expected to be completed within approximately 8-10 months.

Financial Performance of Striders FZ

Period Turnover (USD)
FY 2025-26 1,401,878
FY 2024-25 12,86,241
FY 2024 (01.01.2024 to 31.12.2024) 1,442,444
FY 2023 (01.01.2023 to 31.12.2023) 2,967,978

Historical Stock Returns for Striders Impex

1 Day5 Days1 Month6 Months1 Year5 Years
+2.60%-2.30%-9.51%-16.99%-16.99%-16.99%

How does Striders Impex plan to leverage the UAE subsidiary's presence in European and US markets to drive future growth?

What specific operational milestones does Striders FZ aim to achieve with the infusion of this working capital?

Given the fluctuating turnover figures, what are the projected revenue targets for Striders FZ over the next two fiscal years?

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