Key Highlights and Insights from the 4th Urban Tots Annual General Meeting

30 November 2024

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Urban Tots convened its 4th Annual General Meeting (AGM) to review the company’s progress, discuss key achievements, and outline strategic plans for the upcoming fiscal year. The AGM highlighted significant updates, including the company’s financial performance, operational challenges, and initiatives aimed at improving profitability and market share.

Investor Update: Authorization for Additional Borrowings

• The company has passed a special resolution authorizing the Board of Directors to borrow funds as needed for operational and strategic purposes. This authorization includes loans, overdraft facilities, working capital arrangements, and other financing options, including non-fund-based credit limits such as bank guarantees and letters of credit.
• The resolution empowers the Board to borrow secured amounts exceeding the company’s paid-up share capital, free reserves, and securities premium, up to a maximum of ₹50 crore (inclusive of existing borrowings). These funds are intended to support general corporate purposes and strategic initiatives.
• To secure these borrowings, the company may establish liens, hypothecations, or mortgages on its movable or immovable assets as required. This measure ensures flexibility in accessing capital while maintaining the company’s growth and operational momentum.
  

Strategic Viewpoints for Investors:

1. Proactive Measures for Growth

To enhance profitability, the company is undertaking the following measures:

• Enhanced Marketing Efforts: Strengthening campaigns to increase customer acquisition.
• Product Diversification: Expanding the product portfolio to cater to a broader audience.
• Cost Optimization: Conducting a thorough review of expenses to identify and implement cost-saving measures.
• Strategic Partnerships: Collaborating with retailers to boost market reach.
• Customer-Centric Approach: Leveraging feedback to align product offerings with market demand.

2. Strategic Focus on Expansion 

Over the next fiscal year, the company anticipates measurable improvements in productivity through streamlined processes and intensified marketing efforts. These initiatives are expected to result in a broader customer base and an expanded product range, driving increased profitability. While precise figures depend on market conditions, the company is optimistic about achieving sustainable growth in the near term.