Ausom Enterprise Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
AUSOMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ausom Enterprise Limited held its 41st AGM on September 26, 2025, via video conferencing from 1:00 PM to 1:33 PM, attended by 36 members. The Chairman reported a turnover of Rs. 2,392.53 crores and a profit of Rs. 19.61 crores for the year. Members approved a final dividend of Re. 1 (10%) per equity share of face value Rs. 10, adoption of audited financial statements, re-appointment of Mr. Zaverilal Virjibhai Mandalia, change of registered office (special resolution), and appointment of Mr. Niraj Trivedi as Secretarial Auditor. The company highlighted its joint ventures — IGR AUSOM LLP (50% stake, gold refinery), Swadeshi Distributors LLP (80% stake, 9 MW hydro power), and BSAFAL KZ Estate LLP (8% stake). A new wholly-owned subsidiary, Amazo Solar Power Private Limited, was incorporated on November 26, 2024 to bid for a 50 MW solar project with GUVNL. The Secretarial Auditor's Report contained a qualification, which the company said it has addressed by strengthening internal controls.
Shareholders will receive a 10% final dividend (Re. 1 per share). The strong turnover of Rs. 2,392.53 cr but thin profit of Rs. 19.61 cr (less than 1% margin) suggests the business is high-volume but low-margin. Expansion into solar power via a new subsidiary signals future growth potential in the clean energy space.