Velox Industries Limited, a company registered in Mumbai, has announced that a Board Meeting is scheduled to take place on Thursday, September 5, 2024. The meeting will be held at the company’s registered office located at 902 Filix Commercial Complex, opp Asian Paints, L.B.S. Marg, Bhandup, Mumbai. This meeting is significant as it will cover various critical agenda items crucial for the company's governance and regulatory compliance.

Among the key items on the agenda is the consideration and approval of the Directors Report for the financial year ending on March 31, 2024. This report is a comprehensive document that outlines the company's financial performance, strategic initiatives, and other significant activities over the past fiscal year. The Board’s approval of this report is a crucial step in the preparation for the company's 41st Annual General Meeting (AGM).

In addition to the Directors Report, the Board will also review and approve the Secretarial Audit Report. This report, prepared by Mr. Hiren Gediya, a Practicing Company Secretary, is conducted in compliance with Section 203 of the Companies Act, 2013. The Secretarial Audit is an independent assessment of the company's compliance with various legal and procedural requirements, ensuring that Velox Industries operates within the legal framework set by the regulatory authorities.

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Another key item on the agenda is the appointment of a Scrutinizer as prescribed under Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management & Administration) Rules, 2014. The Scrutinizer's role is vital in ensuring the fair and transparent conduct of voting procedures during the AGM.

Lastly, the Board will consider and approve the Notice for the 41st Annual General Meeting. The AGM is a pivotal event where shareholders can exercise their rights to vote on important company matters, including the election of Directors, approval of financial statements, and other critical resolutions.

Velox Industries has a legacy of robust corporate governance, and this upcoming Board Meeting underscores the company's commitment to maintaining high standards of compliance and transparency. The meeting is expected to address any other business transactions that may arise, ensuring the smooth operation and strategic growth of the company.

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