Balaji Amines Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 08, 2025. Further, the company has informed the Exchange regarding voting results.
BALAMINES · price
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Balaji Amines held its 37th AGM on August 8, 2025, via video conference from 12:00 PM to 12:44 PM, with 62 shareholders (17 promoter group, 45 public) attending virtually out of 122,814 total shareholders on record date. All 9 resolutions were passed with the requisite majority. Shareholders approved the audited financial statements for FY25, declared a final dividend of Rs. 11 per equity share (99.99% in favor), and ratified the remuneration of cost auditors for FY26. Re-appointments of four key directors — A. Prathap Reddy as Executive Chairman (94.16%), Ande Srinivas Reddy as Whole-time Director & CFO (93.69%), Dundurapu Ram Reddy as Managing Director (96.57%), and Rajeshwar Reddy Nomula as Whole-time Director (94.51%) — were cleared, with each appointee's own votes excluded from the count. M/s P.S. Rao and Associates was appointed as secretarial auditors (99.84% in favor).
The Rs. 11 dividend provides a predictable return to shareholders, while the broad approval of all resolutions signals smooth governance continuity. Institutional investors showed notable dissent (around 88% against) on the re-appointment of the Executive Chairman, which is worth tracking but did not affect passage of the resolution.