Dalmia Bharat Limited's 12th Annual General Meeting (AGM) is scheduled for Monday, June 30, 2025, at 11:30 A.M. IST, to be held via Video Conferencing (VC) / Other Audio Visual Means (OAVM).
Newspaper advertisements related to the 12th AGM, Record Date, e-voting, and other associated information were published on June 7, 2025, in Financial Express (English) and Dinamani (Tamil).
The cut-off date for determining eligibility for e-voting for the AGM is June 23, 2025.
Remote e-voting will commence on Thursday, June 26, 2025, at 09:00 A.M. (IST) and conclude on Sunday, June 29, 2025, at 05:00 P.M. (IST).
The Annual Report for the financial year 2024-25 has been sent electronically to all shareholders.
M/s JVS & Associates, represented by Mr. Jyoti Sharma, has been appointed as the Scrutinizer for the remote e-voting and e-voting conducted at the AGM.
In a separate development, the company, through Religare Asset Reconstruction Company Limited, has initiated recovery proceedings under Section 13(2) of the SARFAESI Act, 2002, for non-performing assets (NPAs).
A demand notice was issued to M/s. Hija Exports Private Ltd. and its guarantors for an outstanding amount of ₹6,67,56,95,763.36 (Rupees Six Hundred Sixty-Seven Crore Fifty-Six Lakh Ninety-Five Thousand Seven Hundred Sixty-Three and Thirty-Six Paisa) as of April 29, 2025. This loan was declared an NPA by Indian Bank on March 30, 1996, with mortgaged properties including residential flats in Chennai.
Another demand notice was issued to Sri Sai Nath & Company and Mr. Suresh Kumar for an outstanding amount of ₹35,63,256.15 (Rupees Thirty-Five Lakh Sixty-Three Thousand Two Hundred Fifty-Six and Fifteen Paisa) as of June 14, 2024. This loan was declared an NPA by Indian Overseas Bank on March 31, 2016, with mortgaged properties including residential plots in Tiruvallur district.
The borrowers/guarantors are required to repay the full outstanding amount within 60 days from the date of the respective notices, failing which the security interests will be enforced as per the SARFAESI Act. Any sale, lease, or transfer of the secured assets is prohibited.