Apex Frozen Foods Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
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Apex Frozen Foods held its 13th AGM on September 29, 2025, via video conferencing from 10:00 AM to 10:40 AM. Eleven resolutions were tabled, including adoption of FY25 audited financials (with an unqualified audit report), declaration of a final dividend of Rs. 2.00 per equity share (20% on face value of Rs. 10), and appointment of M/s. A S Ramkumar & Associates as Secretarial Auditors. Special resolutions covered re-appointments and remuneration for the Executive Chairman, Managing Director, and Whole Time Director, an increase in the overall maximum managerial remuneration limit, continuation of the Executive Chairman beyond age 70, and re-appointment of two Independent Directors for a second 5-year term. The Chairman briefed shareholders on FY25 operations, MD K. Subrahmanya Chowdary answered shareholder queries, and e-voting results were to be announced within 2 working days.
Shareholders benefit from a 20% final dividend (Rs. 2 per share) for FY25, subject to e-voting approval. The re-appointments and higher managerial remuneration cap signal board continuity and management's expectation of stronger future earnings, though final voting outcomes will confirm shareholder sentiment.