Notice of 37th Annual General Meeting to be held on Friday, August 8,2025
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Awaiting price reaction for this filing.
ADC India Communications has called its 37th Annual General Meeting on Friday, August 8, 2025, at 11:00 AM, to be conducted via video conferencing. Shareholders will consider adopting the audited financial statements for FY 2024-25 and confirming an interim dividend of Rs. 25 per share along with declaring a final dividend of Rs. 5 per share (on face value of Rs. 10), bringing the total FY25 dividend to Rs. 30 per share. Mr. Rakesh Kishore Bhanushali will retire by rotation and seek re-appointment as a director. A special resolution seeks the re-appointment of Ms. Vijaya Latha Reddy (former Deputy National Security Adviser of India) as an Independent Director for a second five-year term from September 16, 2025 to September 15, 2030. Another resolution proposes appointing M/s. V Sreedharan and Associates as Secretarial Auditors for a five-year period from FY 2025-26 to FY 2029-30. The book closure period runs from August 2 to August 8, 2025, with August 1, 2025 set as the cut-off date for voting eligibility.
The Rs. 30 total dividend per share on a Rs. 10 face value represents a strong 300% payout for FY 2024-25, signalling healthy cash returns for shareholders. The re-appointment of an experienced Independent Director and a new secretarial auditor are routine governance items and unlikely to move the stock significantly on their own.