Ceigall India Limited has informed the Exchange regarding Proceedings of 23rd Annual General Meeting held on September 29, 2025
CEIGALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ceigall India held its 23rd AGM on September 29, 2025 via video conferencing, attended by 75 shareholders and all directors, with 5 speaker shareholders participating. Eight resolutions were tabled and transacted, including adoption of audited financial statements for FY25, re-appointment of Chairman Ramneek Sehgal and Independent Director Arun Goyal, appointment of Dr. Sudhir Rao Hoshing as Whole Time Director, and approval to increase borrowing limits and create charges on company assets. Chairman highlighted standalone revenue growth of 15.5% year-on-year and consolidated revenue growth of 13.8%, with a 40% CAGR in consolidated revenue between FY21 and FY25. Order book stood at Rs. 10,337 Crores as of June 30, 2025, with Rs. 3,855 Crores of new orders already secured in FY26 against the target of Rs. 5,000 Crores. The company is diversifying into renewable energy and T&D sectors, has presence in 12 states, and is exploring AI tools for efficiency.
The passing of the borrowing limit increase and charge creation resolutions positions the company to raise additional debt for expansion. Strong order book visibility, double-digit revenue growth, and successful diversification beyond Punjab (revenue share down to 28.4% from 53.85%) point to healthy growth momentum, though shareholders should await the scrutinizer's report and Q1 FY26 results for confirmation.