Allied Digital Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 10, 2025
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Allied Digital Services has called its 31st AGM for September 10, 2025 at 3:00 p.m. in Mumbai. Shareholders will consider adoption of audited standalone and consolidated financial statements for FY25 and approve a dividend of ₹1.50 per share, with a record date of September 5, 2025 and payment starting September 14, 2025. The notice includes re-appointments of several directors — Mr. Nitin Shah as Managing Director (age 70, for 5 years from April 1, 2026), Mrs. Tejal Shah as Executive Director, and Independent Directors Mr. Milind Kamat and Mrs. Swanubhuti Jain for second terms. Two new directors — Mr. Rohan Shah (Executive Director) and Mr. Narsimha Rao Mannepalli (Independent Director) — are being appointed effective July 15, 2025. Notably, shareholders are being asked to waive recovery of excess managerial remuneration paid in FY25: ₹281.89 Lakhs to Mr. Nitin Shah and ₹205.69 Lakhs to Mrs. Tejal Shah, which typically indicates the company had inadequate profits during the year.
The dividend of ₹1.50 per share offers modest income to shareholders, with the record date set for September 5, 2025. The excess remuneration waiver items are worth attention — they suggest either weak profitability or that managerial pay exceeded statutory limits in FY25, which shareholders must approve.