IZMO Ltd has scheduled its 31st Annual General Meeting for September 25, 2026, via video conferencing. The agenda includes the adoption of FY2026 financial statements, the re-appointment of Managing Director Sanjay Soni and Whole Time Director Kiran Soni, and a proposal for voluntary delisting from the Calcutta Stock Exchange (CSE). The company clarified that this delisting is a procedural move to resolve a legacy compliance matter, and trading remains unaffected on the BSE and NSE.
IZMO Ltd 31st AGM: Key Management Changes and CSE Delisting Proposal
- AGM Date: September 25, 2026
- Delisting: Proposed voluntary exit from Calcutta Stock Exchange (CSE)
Reader Takeaway: Procedural AGM focuses on leadership continuity and clearing legacy compliance issues; BSE/NSE listing remains fully operational.
What just happened
IZMO Ltd has released the agenda for its 31st Annual General Meeting (AGM), scheduled for September 25, 2026, at 12:30 PM via video conferencing. Shareholders will vote on the adoption of audited financial statements for FY 2025-26, the re-appointment of Managing Director Sanjay Soni, and the re-appointment of Whole Time Director Kiran Soni for a three-year term. Additionally, the company is seeking shareholder approval for the voluntary delisting of its equity shares from the Calcutta Stock Exchange (CSE).
Why this matters
The proposal to delist from the CSE is described as a "housekeeping" measure. Although IZMO effectively ceased operations on the CSE nearly two decades ago, the company recently received a notice from the exchange regarding non-compliance. By formally delisting, the company aims to resolve this legacy administrative issue and avoid potential litigation. Importantly, this has no impact on liquidity or trading, as the company remains actively listed on the BSE and NSE.
Management Remuneration
The re-appointment of Kiran Soni as Whole Time Director carries a monthly salary of Rs 4 lakh, supplemented by a commission capped at 1% of the company's net profits. The package also includes standard perquisites such as HRA, medical reimbursement, and retirement benefits.
Investor Details
- E-voting window: September 22, 2026, to September 24, 2026.
- Book closure: September 18, 2026, to September 25, 2026.
- Participation: The AGM will be held entirely through video conferencing, with virtual attendance counting toward the quorum.
Risks to watch
While the delisting from the CSE is presented as a procedural formality, investors should ensure that the company maintains robust compliance standards across the primary national exchanges, where the vast majority of share liquidity is concentrated.