Associated Alcohols & Breweries Ltd. has informed the Exchange regarding Notice of Annual General Meeting to be held on August 02, 2025
ASALCBR · price
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The company has filed the notice for its 36th AGM to be held on Saturday, August 2, 2025 at 12:30 PM via Video Conferencing, with the registered office in Indore, Madhya Pradesh, as the deemed venue. Key agenda items include adoption of audited financial statements (standalone and consolidated) for FY ended March 31, 2025, and declaration of a dividend of Rs. 2 per equity share (on face value of Rs. 10). Shareholders will also vote on reappointment of Mr. Tushar Bhandari as a director (retiring by rotation) and Ms. Apurva Pradeep Joshi as Independent Director for a second 5-year term ending September 11, 2030. The notice seeks approval to raise the overall cap on managerial remuneration from 10% to 20% of net profits, plus revised remuneration for Managing Director Mr. Prasann Kumar Kedia and Whole Time Director & CEO Mr. Anshuman Kedia. It also proposes appointing K. Arun & Co. as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30) and ratifying Rs. 1 lakh remuneration for the cost auditor. The remote e-voting window is July 29, 2025 to August 1, 2025, with the cut-off date of July 26, 2025.
This is a routine AGM notice, but shareholders should note the Rs. 2 per share dividend proposal and the resolutions to hike managerial pay limits and revise top executive compensation, which may draw attention in the vote. Eligible shareholders should complete e-voting between July 29 and August 1, 2025, with the cut-off date of July 26, 2025 determining voting entitlement.