Agarwal Industrial Corporation Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2025
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Agarwal Industrial Corporation Limited has notified the 31st Annual General Meeting (AGM) scheduled for Monday, September 22, 2025 at 12:00 Noon, to be held through video conferencing. The Board has proposed a dividend of Rs. 3.30 per equity share (face value Rs. 10) for FY 2024-25, with the record date set as September 16, 2025. Shareholders will also consider the re-appointment of Mr. Ram Chandra Agarwal (Whole Time Director) who retires by rotation, omnibus approval for related party transactions totalling about Rs. 151.98 crore for FY 2025-26 (including remuneration to directors, freight payments, loans/guarantees to subsidiary AICL Overseas FZ-LLC, and other transactions), appointment of Mr. Vinayak Kulkarni as Cost Auditor for FY 2025-26, and appointment of P. M. Vala & Associates as Secretarial Auditor for a five-year term. The Annual Report and notice have been dispatched to members electronically and uploaded on the company's website www.aicltd.in.
Investors holding shares as of record date September 16, 2025 stand to receive a Rs. 3.30 per share dividend if approved at the AGM. The related party transactions are largely promoter-family and subsidiary-related, and shareholders should review the omnibus approval scope (especially the Rs. 50 crore guarantee to the UAE subsidiary) before voting.