Automotive Axles Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 12, 2025 through VC/OAVM
AUTOAXLES · price
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Automotive Axles Limited held its 44th Annual General Meeting on August 12, 2025 via video conferencing, chaired by Dr. B. N. Kalyani, and concluded at 3:55 p.m. Four ordinary resolutions were tabled: adoption of audited financial statements for FY ended March 31, 2025; declaration of a final dividend of Rs. 30.50 per equity share (face value Rs. 10) for FY2024-25; re-appointment of Dr. B. N. Kalyani (retiring by rotation); and appointment of Secretarial Auditors for a five-year term from April 1, 2025 to March 31, 2030. The Statutory Auditor's Report and Secretarial Audit Report contained no adverse qualifications or comments. Remote e-voting was open from August 9 to 11, 2025, with results to be announced to stock exchanges at a later date. Shareholders who registered as speakers were given the opportunity to ask questions, all of which were addressed.
The declared final dividend of Rs. 30.50 per share represents a robust 305% payout on face value, which is a meaningful cash return for shareholders. With voting results still pending announcement, the stock may see mild activity once the tally is disclosed, but no negative audit flags were raised.