Ador Welding Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 15, 2025
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Ador Welding Limited has notified the stock exchanges about its 72nd AGM scheduled for Tuesday, July 15, 2025 at 11:00 AM via Video Conferencing, with remote e-voting open from July 12 to July 14, 2025 (cut-off date: July 8, 2025). Ordinary business includes adoption of audited standalone and consolidated financial statements for FY25, declaration of a dividend on equity shares, re-appointment of Dr. Deep A. Lalvani (who retires by rotation), and appointment of M/s. BSR & Co. LLP as Statutory Auditors for a 5-year term. Special business includes ratification of the Cost Auditor's remuneration (Rs. 8,00,000 plus tax) for FY26, appointment of a Secretarial Auditor for 5 years (FY26–FY30), an amendment to the Articles of Association raising the director retirement age from 65 to 70 years, and approval of the new 'Ador ESOP 2025' scheme permitting issue of up to 3,40,000 equity shares (face value Rs. 10) each to employees of the company and to employees of its subsidiaries/associates.
The ESOP 2025 scheme could result in minor equity dilution (up to 3,40,000 shares for company staff and a similar pool for subsidiary staff) if options are fully exercised, but the numbers appear small relative to the share base. Dividend declaration is contingent on shareholder approval at the AGM, while the retirement age amendment and auditor appointments are largely procedural. Shareholders should watch the AGM outcome for confirmation of the dividend quantum and any new disclosures in the FY25 annual report.