Apex Frozen Foods Limited has submitted the Exchange a copy of Srutinizers report of Annual General Meeting held on September 29, 2025 along with voting results.
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Apex Frozen Foods Limited held its 13th AGM on September 29, 2025, via video conferencing, and all 11 resolutions were passed with the requisite majority. Key items approved include the adoption of FY2024-25 audited financial statements and a final dividend of Rs. 2.00 per equity share (20% on Rs. 10 face value). Shareholders also approved the appointment of A.S. Ramkumar & Associates as secretarial auditors and the re-appointment of directors including Karuturi Neelima Devi, Karuturi Subrahmanya Chowdary (as Managing Director), and two Independent Directors for a second 5-year term. Special resolutions included continuation of Mr. K. Satyanarayana Murthy as Executive Chairman beyond age 70 and raising the maximum managerial remuneration limit from 16% to 26% of net profits. Around 74% of the 3.125 crore total shares participated in voting, with all resolutions receiving over 98% approval, though retail shareholders showed notable dissent (over 40% against) on certain resolutions related to directors and remuneration.
Routine procedural outcome — all resolutions passed with overwhelming majority, confirming strong shareholder support. The Rs. 2 per share dividend is a direct cash benefit to shareholders, while the higher managerial remuneration cap and age-70 continuation resolution suggest the company is formalising existing leadership arrangements.