Britannia Industries Limited has submitted the Exchange a copy of Srutinizers report of Annual General Meeting held on August 11, 2025. Further, the company has informed the Exchange regarding voting results.
BRITANNIA · price
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Britannia Industries held its 106th AGM on August 11, 2025, via video conferencing, with 8 promoter group members and 136 public shareholders attending remotely out of 2,79,294 total shareholders on record. All 7 resolutions were passed with the requisite majority. Shareholders approved a final dividend of ₹75 per equity share (face value ₹1) for FY25, and adopted the audited financial statements with 99.91% approval. The re-appointment of Mr. Nusli N. Wadia as Non-Executive Non-Independent Director was passed as a special resolution, though it drew notable dissent from institutional holders, with 10.12% of institutional votes (about 74 lakh shares) polled against it. The re-appointment of Walker Chandiok & Co LLP as statutory auditors, appointment of Parikh & Associates as secretarial auditors, ratification of cost auditors' remuneration, and amendment to the terms of appointment of Executive Director & CFO Mr. N. Venkataraman all passed with over 99.9% approval.
The ₹75 final dividend (on a ₹1 face value) confirms a strong cash payout for shareholders, which is positive for income-focused investors. The institutional dissent on Nusli Wadia's re-appointment (96.28% in favour) is worth noting but does not affect the resolution's outcome, as it comfortably cleared the special resolution threshold.