Automotive Axles Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 12, 2025 at 03:00 PM (IST) through Video Conferencing (VC) / other Audio Visual Means (OAVM).
AUTOAXLES · price
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Automotive Axles Limited has notified the exchanges about its 44th Annual General Meeting to be held on Tuesday, August 12, 2025 at 3:00 PM via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The agenda includes adoption of audited financial statements for FY2024-25, declaration of a final dividend of ₹30.50 per equity share (face value ₹10), and re-appointment of Dr. B.N. Kalyani as a Director (retiring by rotation). Additionally, shareholders will consider the appointment of M/s. Pracheta & Associates as Secretarial Auditors for a five-year term from April 1, 2025 to March 31, 2030, with a proposed remuneration of ₹2,25,000 plus taxes for FY2025-26. The record date for dividend eligibility is August 5, 2025, with e-voting open from August 9 to August 11, 2025. The register of members will be closed from August 6 to August 12, 2025.
Shareholders on record as of August 5, 2025 will be eligible for the ₹30.50 per share final dividend, subject to AGM approval — a meaningful payout representing 305% of face value. The re-appointment of promoter Chairman Dr. B.N. Kalyani is largely procedural (retirement by rotation). No material surprises are expected; the stock is unlikely to see significant movement on this routine AGM notice, though the ex-dividend date approach may attract short-term income-focused buyers.