Please find enclosed herewith the Summary of proceedings of 79th AGM, Voting Results and Consolidated Scrutinizer s Report
ASIANPAINT · price
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Asian Paints held its 79th Annual General Meeting on 26th June 2025 via video conference, chaired by Vice Chairman Manish Choksi in the absence of Chairman R Seshasayee, who was unwell. All six resolutions were passed with overwhelming shareholder support: adoption of FY25 financial statements (99.98% in favour), declaration of final dividend for FY ended 31st March 2025 (99.99%), re-appointment of Mr. Malav Dani as Director (99.57%), appointment of Mr. Ashish Choksi as Non-Executive Director (99.65%), appointment of Dr. K.R. Chandratre as Secretarial Auditor (99.99%), and ratification of Cost Auditor remuneration (99.99%). The meeting was attended by 159 members (25 promoter group and 134 public), with around 81.9% of outstanding shares being polled and promoter group voting at 97.22%. The Chairman highlighted the macro-economic environment, business performance, new products, ESG progress, and welcomed Mr. Varun Berry as the new Independent Director, while recording appreciation for Mr. Jigish Choksi who resigned effective 31st March 2025.
Routine, well-supported AGM outcome with no governance surprises. Final dividend approval is positive for shareholders, and the addition of a new Independent Director strengthens board oversight. Voting results reflect strong institutional and promoter confidence, with little expected impact on the stock price.