BirlaNu Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 31, 2025
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BirlaNu Limited (formerly HIL Limited) has issued the notice for its 78th AGM on Thursday, July 31, 2025 at 3:00 PM, to be conducted via video conferencing. The Board has recommended a final dividend of ₹30 per share (300%) on equity shares of ₹10 each for FY25, subject to shareholder approval, with the record date set as July 24, 2025 and payment expected by August 22, 2025. Key business items include adoption of FY25 financial statements, re-appointment of director Desh Deepak Khetrapal, appointment of Ranjeet Pandey & Associates as secretarial auditor for 5 years, and ratification of cost auditor remuneration of ₹8 lakh. Two special resolutions require shareholder approval: MD & CEO Akshat Seth's FY26 remuneration (basic pay up to ₹5.96 crore plus variable pay up to ₹2.74 crore) and amendments to the HIL Employee Stock Option Scheme 2019. Remote e-voting via NSDL will run from July 28 to July 30, 2025.
Shareholders as of July 24, 2025 will receive a ₹30 per share dividend if approved, with credit expected by August 22, 2025. The AGM contains routine governance items plus notable resolutions on CEO pay and ESOP scheme amendments that may draw institutional investor attention. No major strategic or structural changes are proposed.