Consolidated Voting Results of the 78th Annual General Meeting of the Company held on 29th September, 2025
BENGALASM · price
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The 78th Annual General Meeting of Bengal & Assam Company Ltd was held on 29th September 2025 via video conferencing, with 27,343 shareholders on record and 80 attending through VC (34 promoters, 46 public). All 5 resolutions were passed with the requisite majority, with about 84.77% of outstanding shares (96.67 lakh votes) participating in the voting. The big highlight is the declaration of a 500% dividend (Rs. 50 per equity share) for FY ended 31st March 2025, which received 100% approval. Other items approved included adoption of audited financial statements, re-appointment of Shri Ashok Kumar Kinra as Director (retiring by rotation), appointment of Shri Namo Narain Agarwal as Secretarial Auditor for 5 years, and appointment of Shri Mudit Kumar as Independent Director for 5 years. Dissent was negligible on all resolutions — just 410 votes against on most items and 1,085 (0.01%) on the director re-appointment.
The 500% dividend declaration is a strong positive signal for shareholders, reflecting robust profitability and generous capital return. The near-unanimous approval of all resolutions, including the new Independent Director and Secretarial Auditor appointments, indicates smooth governance and is unlikely to move the stock meaningfully since outcomes were as expected.