BirlaNu Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 31, 2025
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BirlaNu Limited (formerly HIL Limited) held its 78th AGM on July 31, 2025 via video conferencing from 3:00 PM to 4:30 PM IST, chaired by Mr. CK Birla. Seven resolutions were transacted, including adoption of FY25 audited financial statements (with no qualifications from auditors), confirmation of a final dividend of Rs. 30 per share (300% on face value of Rs. 10) for FY 2024-25, and re-appointment of Mr. Desh Deepak Khetrapal as a director. Other key items included approval of Mr. Akshat Seth's (MD & CEO) remuneration for FY 2025-26, amendments to the HIL Limited Employee Stock Option Scheme 2019, appointment of M/s Ranjeet Pandey & Associates as Secretarial Auditor for five years (FY26 to FY30), and ratification of Cost Auditor remuneration. The Chairman also reviewed industry outlook and FY25 performance, and e-voting results are to be announced within the regulatory timeline.
Shareholders will receive a final dividend of Rs. 30 per share for FY25, a significant payout. The ESOP amendments and CEO remuneration approval may affect future shareholder dilution and executive compensation, while the new Secretarial Auditor appointment strengthens governance oversight.