Aarvi Encon Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 08, 2025
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Aarvi Encon Limited has informed the NSE that its 37th Annual General Meeting (AGM) will be held on Friday, August 8, 2025, at 11:00 AM via video conferencing. Key business to be transacted includes adoption of audited standalone and consolidated financial statements for FY25, declaration of a final dividend of ₹2/- per equity share, and re-appointment of Mr. Virendra Sanghavi as Director (retiring by rotation). Shareholders will also consider special business items: appointment of M/s. Amrita Nautiyal & Associates as Secretarial Auditor for five consecutive years (FY 2025-26 to FY 2029-30) at a fee of ₹2,00,000/- per annum with a 10% annual increment, and approval of remuneration up to ₹1.68 crore per annum each for Managing Director Mr. Virendra D. Sanghavi and Executive Director & CFO Mr. Jaydev V. Sanghavi for a period of two years. The record date/cut-off for e-voting eligibility is August 1, 2025.
The final dividend of ₹2/- per share rewards shareholders from FY25 earnings. The re-appointment of both promoter-group executive directors and their remuneration exceeding 5% of net profits require a special resolution, which is standard for such companies but shareholders should note the continued high pay-out to promoter directors.