Berger Paints (I) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 12, 2025
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Berger Paints submitted the voting results of its 101st Annual General Meeting held on August 12, 2025. Out of 354,332 shareholders on record date, 142 attended via video conferencing. Nine resolutions were voted on, and all were passed. Key items included approval of FY25 audited financial statements (99.99% in favor), declaration of dividend for FY25 (99.99% in favor), re-appointment of Ms Rishma Kaur as Director (99.90% in favor), and appointment of B S R and Co. LLP as new statutory auditors in place of retiring S.R. Batliboi & Co. LLP (99.94% in favor). Resolutions on paying up to 1% of net profits as commission to executive directors Ms Rishma Kaur and Mr Kanwardip Singh Dhingra passed with 93.76% support, though institutional shareholders showed notable dissent with about 37.5% voting against these remuneration resolutions.
All routine AGM resolutions passed comfortably, confirming smooth governance. The notable pushback from institutional investors on executive director remuneration (nearly 38% against) signals shareholder concern on pay levels worth monitoring. The switch of statutory auditor from S.R. Batliboi to B S R and Co. is a routine rotation and unlikely to impact operations.