NewsStocksAayush Art and Bullion Approves 16th AGM Notice, Director Appointments, and Registered Office ShiftAayush Art and Bullion Approves 16th AGM Notice, Director Appointments, and Registered Office Shift
Aayush Art and Bullion's board meeting on September 4 approved several key decisions. These include the appointment of new directors, re-appointment of existing directors, and approval of the 16th AGM notice. The company plans to shift its registered office from Delhi to Gujarat. The AGM is scheduled for September 27 via video conferencing, with remote e-voting available from September 24 to 26. Book closure dates are set for September 21-27.
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Aayush Art and Bullion , formerly known as AKM Creations Limited, has announced significant corporate decisions following a board meeting held on September 4. The company's Board of Directors convened to approve several key matters, including the notice for the 16th Annual General Meeting (AGM) and multiple director appointments.
Board Meeting Highlights
The board meeting, which lasted from 12:00 PM to 12:45 PM, was held at the company's registered office in Delhi. The following key decisions were made:
- Approval of the notice for the 16th AGM for the financial year ended March 31.
- Re-appointment of Mr. Piyush Parmar (DIN: 09634827), who retires by rotation.
- Regularization of Mr. Bhavnaben Prahaladbhai Trivedi (DIN: 11048317) as a director.
- Regularization of Mr. Afsar Khan Ismail (DIN: 11189994) as an independent director.
- Appointment and subsequent regularization of Mr. Dharmesh Pravinbhai Sanghvi (DIN: 10297944) as an Additional Director (Non-Executive, Independent).
- Approval to shift the registered office from Delhi to Gujarat, with consequent changes to the Memorandum of Association.
- Appointment of M/S. Amit Saxena & Associates as scrutinizer for remote e-voting at the upcoming AGM.
New Independent Director Profile
Mr. Dharmesh Pravinbhai Sanghvi, appointed as an Additional Director (Non-Executive, Independent), brings valuable experience to the board. He is a Designated Partner at Arihant PMSC Foods LLP, where he has demonstrated expertise in strategic growth and operational excellence in the food processing industry. Mr. Sanghvi also serves as a Legal Advisor, offering insights on regulatory and compliance matters.
Annual General Meeting Details
The 16th AGM is scheduled for September 27, at 3:00 PM, to be held through Video Conferencing/Other Audio-Visual Means. Key dates related to the AGM include:
| Event | Date |
|---|---|
| Book Closure | September 21-27 (both days inclusive) |
| Remote E-voting Period | September 24 (9:00 AM) to September 26 (5:00 PM) |
| Cut-off Date for E-voting Eligibility | September 20 |
Registered Office Relocation
In a strategic move, Aayush Art and Bullion has decided to shift its registered office from Delhi to Gujarat. This change will be reflected in the company's Memorandum of Association once approved by the shareholders at the upcoming AGM.
These developments signify Aayush Art and Bullion's commitment to corporate governance and strategic growth. Shareholders and investors are advised to take note of the important dates and participate in the upcoming AGM through the provided e-voting facility.
Historical Stock Returns for Aayush Art and Bullion
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.18% | +1.67% | +5.80% | +26.58% | +381.83% | +700.16% |
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