Munoth Capital Market Modifies Managing Director's Terms, Sets AGM Date

Munoth Capital Markets Limited, a financial services company, has announced key corporate decisions including a modification to the Managing Director's appointment terms and the scheduling of its Annual General Meeting (AGM).

Changes in Managing Director's Appointment

The Board of Directors has approved a partial modification to the terms of appointment for Mr. Siddharth Shantilal Jain, the company's Managing Director. Effective September 8, 2025, Mr. Jain will be liable to retire by rotation for the remainder of his current tenure. This change aligns with the provisions of the Companies Act, 2013 and the company's Articles of Association.

Mr. Jain, who possesses expertise in Finance Management, will continue to serve as the Managing Director. His relationship with the company extends beyond his role, as he is the son of Mr. Shantilal Misrimal Jain, another director on the board.

Annual General Meeting and Financial Reporting

The company has scheduled its 39th Annual General Meeting for September 30, 2025, to be held at 10:30 A.M. at its registered office in Ahmedabad, Gujarat. This decision comes alongside the Board's approval of the Directors' Report for the Financial Year 2024-25.

Book Closure and E-Voting

In preparation for the AGM, Munoth Capital Market has announced a book closure period from September 23, 2025, to September 30, 2025 (both days inclusive). This closure is aimed at determining shareholder eligibility for the AGM notice and participation in e-voting.

The company has set September 23, 2025, as the cut-off date for determining shareholders eligible to participate in the e-voting process for the AGM.

Financial Performance

While specific financial figures were not disclosed in the provided information, the company's decision to hold its AGM and approve the Directors' Report suggests that it has completed its financial reporting cycle for the 2024-25 fiscal year.

These corporate actions reflect Munoth Capital Market's commitment to governance practices and shareholder engagement. The modification in the Managing Director's terms, in particular, demonstrates the company's adherence to regulatory requirements and corporate governance norms.