Gist of the Proceeding of the 20th Annual General Meeting ('AGM') of Bright Outdoor Media Limited held on Monday, September 29, 2025
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Bright Outdoor Media held its 20th AGM on September 29, 2025 at Hotel Peninsula Grand, Andheri East, Mumbai, chaired by Managing Director Yogesh Jiwanlal Lakhani, starting at 12:00 noon and concluding at 1:15 PM. Shareholders approved the audited financial statements for FY 2024-25 (which had no qualifications from the statutory auditors), the appointment of Mrs. Jagruti Yogesh Lakhani as a Non-Executive Director liable to retire by rotation, and a final dividend of Rs. 0.50 per equity share (5%) for FY 2024-25. Two special business items were also approved: an increase in the remuneration of Mrs. Jagruti Lakhani and the appointment of M/s Nikunj Kanabar & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to 2029-30). The company had provided remote e-voting through Bigshare Services between September 26-28, 2025, with a ballot paper option for members who did not vote electronically.
Shareholders confirmed a 5% final dividend (Rs. 0.50 per share) for FY 2024-25, providing a modest cash return. Reappointment of a promoter-group director and an increase in her remuneration signal continued family control, while a clean audit report supports baseline confidence in the financials.