20 Microns Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 08, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
20MICRONS · price
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20 Microns Limited held its 38th AGM on August 8, 2025 via video conferencing (11:00 AM to 11:33 AM) and transacted 10 resolutions, all of which were passed. Key outcomes include: declaration of a final dividend of ₹1.25 per equity share (25% on face value of ₹5) for FY 2024-25; re-appointment of Mr. Atil C. Parikh and Mrs. Sejal R. Parikh; appointment of Mr. Premkumar Taneja as Independent Director; and appointment of M/s Parikh Dave & Associates as Secretarial Auditors for five years (2025-2030). Shareholders also approved commission of up to 1% of net profits to Non-Executive Independent Directors for FY 2025-26 to FY 2027-28, and a revision in remuneration for CMD Rajesh C. Parikh and CEO & MD Atil C. Parikh effective April 1, 2026 to March 31, 2028. Total voting participation was 51.43% of outstanding shares (18,146,972 votes polled); most resolutions passed with over 99.99% in favour, but the two pay-revision resolutions saw notable dissent from public institutional investors, who voted 98.19% against.
Eligible shareholders will receive a ₹1.25 final dividend per share for FY25. Approval of commission to independent directors (up to 1% of net profits for three years) and higher CMD/CEO pay from FY27 may marginally raise the company's fixed overhead. The sharp institutional dissent (~98% against) on the promoter pay revision is a governance red flag worth monitoring, even though the resolutions still passed on overall vote weight.