Apex Frozen Foods to hold AGM, reappoint directors, increase managerial pay

Apex Frozen Foods Limited announced its 13th Annual General Meeting (AGM) will be held on Monday, September 29, 2025, at 10:00 A.M. via video conferencing. Key resolutions include the adoption of the financial statements for FY 2024-25, the declaration of a final dividend of ₹2.00 per equity share, and the re-appointment of Mrs. Karuturi Neelima Devi as whole-time director.

The board also approved the re-appointment of Mr. Karuturi Satyanarayana Murthy as executive chairman and Mr. Karuturi Subrahmanya Chowdary as managing director for five-year terms, effective December 1, 2025, through November 30, 2030. Additionally, shareholders will vote on increasing the overall limit for maximum managerial remuneration from 16% to 26% of the company's net profits. The company also confirmed its commitment to transparent governance by appointing M/s. A S Ramkumar & Associates as secretarial auditors for five consecutive years.

Detailed disclosures required under SEBI regulations for the re-appointment of directors were attached. The re-appointments of Mr. Karuturi Satyanarayana Murthy, Mr. Karuturi Subrahmanya Chowdary, Mrs. Neelima Devi Karuturi, Mr. B. Raghavulu Naidu, and Mr. Govindareddy Krishnamoorthy were highlighted, including their age, qualifications, and relationships with other directors, and their remuneration for FY 2024-25. The company will provide remote e-voting facilities for members, which will commence on September 26, 2025, and conclude on September 28, 2025.