Equilateral Enterprises Board Approves Rs 50 Crore Transaction Limits and Sets AGM Date

Equilateral Enterprises Limited has announced several key resolutions approved by its Board of Directors during a meeting held on September 4, 2025. The board's decisions include financial approvals, appointments, and the scheduling of the company's 38th Annual General Meeting (AGM).

Financial Approvals

The board has recommended for shareholder approval several significant financial measures, each with a limit of Rs 50.00 crore:

1. Material related party transactions
2. Increased loan and investment limits under Section 186 of the Companies Act, 2013
3. Enhanced borrowing power under Section 180(1)(c) of the Companies Act, 2013

These resolutions, if approved by shareholders, will provide the company with greater financial flexibility and operational capacity.

Board Composition and Appointments

The board has recommended the re-appointment of Mr. Kartik Sharadkumar Mehta (DIN: 10690916) as a Director. Mr. Mehta, who retires by rotation as per Section 152(6) of the Companies Act, 2013, has offered himself for re-appointment.

In addition, the following appointments were approved:

• M/s. Nitesh Chaudhary & Associates, represented by Mr. Nitesh Chaudhary, as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30)
• Ms. Niyati Prajapati as Internal Auditor for FY 2025-26
• Mrs. Abhilasha Chaudhary of M/s. Abhilasha Chaudhary & Associates as Scrutinizer for the e-voting process at the upcoming AGM

Annual General Meeting Details

The 38th AGM of Equilateral Enterprises Limited has been scheduled for September 30, 2025, at 4:30 PM. The meeting will be conducted via video conferencing. In preparation for the AGM:

• The Register of Members and Transfer Books will be closed from September 24 to September 30, 2025 (both days inclusive)
• Mr. PratikKumar Mehta (Managing Director), Mr. Kartik Mehta (Director), and Ms. Alpi Jain (Company Secretary) have been authorized to oversee the AGM process and e-voting

The board meeting, which commenced at 2:00 PM and concluded at 3:30 PM, was held at the company's Corporate Office in Surat. These resolutions and appointments reflect Equilateral Enterprises' commitment to corporate governance and strategic financial management as it moves forward in the 2025-26 fiscal year.