Associated Alcohols & Breweries Ltd. has informed the Exchange about Shareholders meeting
ASALCBR · price
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Associated Alcohols & Breweries Ltd. held its 36th Annual General Meeting on Saturday, August 2, 2025, via video conferencing, from 12:30 PM to 1:15 PM, with 54 members attending out of 39,107 total members. The Chairman, Mr. Prasann Kumar Kedia, reviewed the company's business, operations, and FY24-25 performance in his speech. The Board recommended a dividend of 20% i.e. ₹2 per equity share (on face value of ₹10) for FY ended March 31, 2025, subject to shareholder approval. Key resolutions included adoption of audited standalone and consolidated financial statements, reappointment of Mr. Tushar Bhandari (CFO) as director retiring by rotation, reappointment of Ms. Apurva Pradeep Joshi as Independent Director, revised remuneration for MD Mr. Prasann Kumar Kedia and WTD & CEO Mr. Anshuman Kedia, and appointment of K. Arun & Co. as Secretarial Auditor. E-voting results will be announced within two working days.
The proposed ₹2 per share dividend is a positive income signal for shareholders. The revised remuneration packages for the Managing Director and CEO & Whole Time Director may attract investor attention at a time when governance scrutiny on promoter compensation is increasing.