Proceedings of 78th Annual General Meeting.
ANDHRSUGAR · price
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The 78th AGM of The Andhra Sugars Limited was held on September 25, 2025 at the Registered Office in Tanuku, Andhra Pradesh, chaired by Sri P. Narendranath Chowdary. Shareholders adopted the audited financial statements for FY2024-25 and approved a dividend of Rs. 0.80 per equity share (face value Rs. 2). All ordinary business items were passed, including the re-appointment of two directors retiring by rotation (Sri Mullapudi Narendranath and Sri P. Achuta Ramayya) and fixing the statutory auditors' (M/s. Brahmayya & Co.) remuneration at Rs. 21 lakh for FY2025-26. Under special business, Sri P. Narendranath Chowdary was re-appointed as Managing Director for 5 years from January 12, 2026, and Sri P. Venkateswara Rao was re-appointed as Independent Director for a further 5-year term from April 25, 2026. A new Secretarial Auditor was also appointed for a 5-year term. All resolutions were passed with the requisite majority.
This is a routine procedural disclosure confirming shareholder approval of the company's annual results, dividend, and key board appointments. The continued leadership of the CMD and re-appointment of directors signals board stability for shareholders. The modest dividend of Rs. 0.80 per share should already have been priced in; no surprise corporate action emerges from this filing.