The Andhra Sugars Limited has informed the Exchange about Shareholders meeting
ANDHRSUGAR · price
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The Andhra Sugars Limited held its 78th Annual General Meeting on September 25, 2025, with 55,610 shareholders on record as of the cut-off date (September 19, 2025). All 10 resolutions were passed with the requisite majority, including adoption of audited financial statements for FY2024-25 (99.51% in favor) and declaration of a dividend of Rs. 0.80 per share (face value Rs. 2) for FY2024-25 (99.59% in favor). The meeting also approved the appointment of Sri P. Narendranath Chowdary as Managing Director for 5 years effective January 12, 2026 (99.17% in favor), and reappointed/appointed two Independent Directors — Sri P. Venkateswara Rao and Sri Kanuri Rama Seshayya — each for 5-year terms. Statutory Auditor remuneration was fixed at Rs. 21 lakh and Cost Auditor remuneration at Rs. 7.5 lakh for FY2025-26, both with over 99% approval.
Shareholders have approved a Rs. 0.80 per share dividend and confirmed key leadership continuity with the Managing Director reappointment. All resolutions passed with overwhelming support, indicating smooth governance and no significant shareholder dissent on board or audit matters.