CARE Ratings Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 10, 2025
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CARE Ratings Limited held its 32nd AGM on July 10, 2025, via video conferencing from 3:30 PM to 5:03 PM, chaired by Independent Director Najib Shah with Managing Director & Group CEO Mehul Pandya present. Key items approved included the adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, confirmation of an interim dividend of Rs. 7 per share, and declaration of a final dividend of Rs. 11 per share for FY25 — taking total dividend to Rs. 18 per share. Members approved the appointment of Rajiv Bansal and Indrani Banerjee as Non-Executive Independent Directors, re-appointment of Mehul Pandya (retiring by rotation), remuneration for the MD & CEO, and appointment of the Secretarial Auditor. The Statutory and Secretarial Auditors' reports contained no qualifications or adverse comments. E-voting was facilitated through NSDL, and results are to be announced within two working days.
The Rs. 18 per share total dividend for FY25 is a meaningful pay-out for shareholders, signalling healthy cash generation. Board refresh with two new Independent Directors and approval of MD remuneration reflects routine governance, with no red flags in auditor reports — broadly neutral to positive for the stock.