Atul Auto schedules 37th AGM, to vote on related party transactions

Atul Auto Limited will convene its 37th Annual General Meeting (AGM) virtually on Friday, September 19, 2025, at 3:30 PM (IST) to approve its financial statements for the year ended March 31, 2025, and other key resolutions. Members will have remote e-voting access starting September 16, 2025, at 9:00 AM (IST) and closing September 18, 2025, at 5:00 PM (IST). The agenda includes the re-appointment of Mahendra J Patel as a director and the appointment of Hardik Hudda & Associates as secretarial auditor for five consecutive years from FY 2025-26 to FY 2029-30, at an annual fee of ₹75,000.

The company also seeks approval for significant related party transactions. This includes transactions with Khushbu Auto Private Limited (KAPL) for up to ₹100 crore for FY 2025-26, covering vehicle sales and services, representing approximately 14% of the company's consolidated turnover. Additionally, approval is sought for transactions with Atul Greentech Private Limited (AGPL), a subsidiary, for up to ₹100 crore for vehicle sales and services, also representing approximately 14% of consolidated turnover.

Furthermore, a special resolution will be proposed to approve inter-corporate deposits and guarantees for AGPL, up to ₹125 crore, from the 37th AGM until the 38th AGM (FY 2026-27), accounting for approximately 18% of the company's consolidated turnover. These transactions are intended to support AGPL's short-term working capital needs and enhance capacity utilization.