Proceedings of the 45th Annual General Meeting of the Company
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Automobile Corporation of Goa held its 45th AGM on July 2, 2025 via video conferencing, chaired by Mr. Shrinivas Dempo. Members approved the audited financial statements for FY ending March 31, 2025, with no qualifications in the statutory or secretarial auditor reports. A final dividend of Rs. 20 per share (200% on face value of Rs. 10) was declared for FY25. Members also approved the re-appointment of Mr. Vishal Badshah (who retires by rotation), the appointment of Mr. Shivaram Bhat as Secretarial Auditor for a 5-year term, and payment of commission to Non-Executive Directors. Material related party transactions with Tata Motors Limited and Tata Motors Body Solutions Limited were cleared. Additionally, shareholders approved an increase in limits under Section 186 of the Companies Act, 2013, to allow greater flexibility in lending, investments, and guarantees. Voting was conducted via remote e-voting and e-voting during the meeting, scrutinized by an independent practicing company secretary.
The 200% final dividend is a strong return signal for shareholders. Approval of related party transactions with Tata Motors group entities confirms continued business linkage with the parent/promoter group, while the Section 186 limit hike gives the company more room to deploy funds in group or strategic investments.