Carraro India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 11, 2025
CARRARO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Carraro India has notified exchanges of its 28th AGM to be held on Thursday, September 11, 2025 at 11:00 AM at Hyatt Pune. Shareholders will consider adoption of audited standalone and consolidated financial statements for FY25 and approval of a final dividend of ₹4.55 per equity share (45.50%) on shares of ₹10 face value, with a record date of September 3, 2025. The agenda includes annual revision in remuneration for Managing Director Dr. Balaji Gopalan (salary of ₹23.43 Million plus perquisites, variable pay up to 150%, and a one-time reward of ₹3.97 Million), Whole-Time Director & COO Mr. Sudhendra Mannikar, and Whole-Time Director & CFO Mr. Davide Grossi (Euro 143,000 gross salary plus an ₹8.75 Million one-time reward). The notice also seeks shareholder approval for re-appointment of Dr. Gopalan and Mr. Mannikar for terms running into 2029, appointment of M/s. Mehta & Mehta as Secretarial Auditor for five years, ratification of cost auditor remuneration, and material related party transactions. Two directors, Mr. Tomaso Carraro and Mr. Enrico Gomiero, retire by rotation and offer themselves for re-appointment.
The ₹4.55 per share dividend is a direct cash benefit for shareholders, while the proposed re-appointments and higher executive pay packets (with performance-linked variable pay up to 150%) signal management continuity and stronger performance-based incentives. Approval of material related party transactions is a routine governance item but worth tracking for any concentration of business with the Carraro Group.