Automotive Axles Limited has submitted the Exchange a copy of Scrutinizers report of Annual General Meeting held on August 12, 2025 along with a Voting Results.
AUTOAXLES · price
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Automotive Axles Limited held its 44th AGM on August 12, 2025, through video conferencing, where all four resolutions were passed with overwhelming shareholder approval of approximately 99.73%. The resolutions covered: (1) adoption of audited financial statements for FY25, (2) declaration of a final dividend of Rs. 30.50 per equity share (face value Rs. 10) for FY2024-25, (3) re-appointment of Dr. B. N. Kalyani as director retiring by rotation, and (4) appointment of Pracheta & Associates as Secretarial Auditors. Out of 27,933 shareholders on the record date (August 5, 2025), around 12.84 million shares were voted, representing about 85% of total shares. Promoter group (10.74 million shares) voted 100% in favor on all resolutions. Remote e-voting ran from August 9 to August 11, 2025, and the Scrutinizer Ms. Pracheta M submitted her report on August 13, 2025, confirming the process was fair and transparent. Only 35,000 shares were considered invalid due to missing authorisation documents.
Shareholders will receive a final dividend of Rs. 30.50 per share, translating to a healthy 305% payout on face value. The near-unanimous approval across all resolutions, including the dividend, signals strong management credibility and minimal shareholder dissent, which is mildly positive for the stock.