Notice of 51st Annual General Meeting
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Amal Ltd has called its 51st AGM on August 29, 2025, at 10:30 am via video conferencing. The meeting will consider adoption of the audited standalone and consolidated financial statements for FY ended March 31, 2025, and the declaration of a dividend on equity shares. Shareholders will also vote on a material related party transaction with promoter Atul Ltd (which holds 49.86% of Amal), with proposed transactions of ₹8,562 lakh (Amal-Atul) and ₹16,980 lakh (ASC-Atul) per year for FY26 and FY27, representing 16% and 19% of consolidated turnover respectively. Other items include the reappointment of Mr Gopi Kannan Thirukonda (who retires by rotation), the appointment of SPANJ & Associates as Secretarial Auditors for five years (FY26–FY30), and the appointment of Dr Mahabaleshwar Palekar as Independent Director for five years from August 01, 2025. The record date for the dividend is August 14, 2025, and e-voting runs from August 26–28, 2025.
Routine AGM business with a dividend declaration likely to be welcomed by shareholders. The proposed RPT with promoter Atul Ltd is significant in scale but is described as arm's length and in the ordinary course of business; related parties are barred from voting on this resolution. The new Independent Director appointment adds to board oversight.