CARYSIL LIMITED has informed the Exchange about Proceedings of 38th Annual General Meeting of the Company
CARYSIL · price
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Carysil Limited held its 38th Annual General Meeting on September 24, 2025, via video conferencing from 3:00 PM to 4:32 PM, with 88 members in attendance. Chairman & Managing Director Mr. Chirag Parekh chaired the meeting, along with the CFO Mr. Anand Sharma and Company Secretary Mrs. Reena Shah, statutory auditors, and secretarial auditor. Shareholders approved five ordinary resolutions, including adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, declaration of a dividend of Rs. 2.4 per equity share (on a face value of Rs. 2, implying a 120% payout), re-appointment of Mr. Chirag Parekh as Director (retiring by rotation), appointment of the Secretarial Auditor, and ratification of Cost Auditor remuneration for FY26. Voting results from remote e-voting and AGM e-voting will be shared separately with the exchanges.
The dividend of Rs. 2.4 per share is a tangible return for shareholders and signals healthy FY25 profitability. Re-appointment of the promoter MD ensures continuity in leadership, while routine auditor appointments indicate stable governance. Typically, these procedural announcements have a neutral to mildly positive effect on stock sentiment, with the real market reaction likely tied to the forthcoming voting results and any management commentary shared during the meeting.