Ahluwalia Contracts (India) Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
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Ahluwalia Contracts held its 46th AGM on September 29, 2025, via video conference, with 68 members present and concluded at 1:14 PM. Six resolutions were tabled, including adoption of FY25 standalone and consolidated financial statements, declaration of a 30% dividend of Rs. 0.60 per share, re-appointment of Mr. Shobhit Uppal as director retiring by rotation, appointment of M/s SCV & Co LLP as new Statutory Auditors, ratification of Cost Auditors' remuneration for FY26, and appointment of Mr. Santosh Pradhan as Secretarial Auditor. The Chairman confirmed that both Statutory and Secretarial Auditors issued unqualified reports with no qualifications. Shareholders congratulated the management on overall performance, and the Q&A covered dividend, operational and financial matters. Combined voting results from remote e-voting and AGM e-voting will be declared within the regulatory timeline.
The 30% dividend declaration is a positive for income-seeking shareholders, and clean audit reports alongside shareholder appreciation indicate steady management confidence. The switch to a new Statutory Auditor (SCV & Co LLP) is a routine governance change worth noting, though no material negative disclosures were made in the proceedings.