Ador Welding Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 15, 2025
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Ador Welding Limited held its 72nd AGM on July 15, 2025, via video conferencing, chaired by Executive Chairman Mrs. Ninotchka Malkani Nagpal. Shareholders transacted ordinary business including adoption of audited financial statements for FY25, declaration of a dividend of ₹20 per equity share (200%) — described as the highest in the company's history — re-appointment of Dr. Deep A. Lalvani as director, and appointment of M/s. BSR & Co. LLP as Statutory Auditors. Two special resolutions were also passed: alteration of the Articles of Association and approval of the 'Ador Employees Stock Option Plan / Scheme 2025' for employees of the company and its subsidiaries. The Chairman's speech highlighted export revenue growth of over 25% YoY, ₹145 crore cash generated from operations, and the successful completion of the merger of Ador Fontech Limited with Ador Welding on September 25, 2024. Voting results along with the scrutinizer's report are to be submitted within two working days.
The record-high dividend signals strong cash generation and rewards shareholders, while the ESOP approval should support employee retention. Completion of the Ador Fontech merger and export growth indicate an expanding business, though FPED project delays are a watch point. Investors should await the formal voting results for final confirmation of resolution approvals.