Cello World Limited has informed the Exchange regarding Proceedings of undefined held on August 08, 2025
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Cello World Limited held its 7th Annual General Meeting on August 8, 2025, via video conferencing from 1:30 PM to 2:25 PM IST. Shareholders approved the adoption of audited financial statements for FY 2024-25 and a dividend of ₹1.50 per equity share (30% on the face value of ₹5). Mr. Pradeep Rathod was re-appointed as Managing Director (retiring by rotation), and M/s. Sarvaiya & Co was appointed as Secretarial Auditor for a five-year term. Five independent directors were re-appointed for further terms, and one (Mr. Pushapraj Singhvi) was approved to continue beyond age 75. Shareholders also approved revised articles of association and the 'Cello ESOP-2025' employee stock option plan, including a provision to grant options up to 1–2% of issued capital to identified employees in any single year. The remote e-voting window ran from August 5–7, 2025, and the consolidated voting results will be submitted to the stock exchanges within two working days.
The ₹1.50 per share dividend is a direct cash benefit for shareholders and signals confidence in FY25 performance. The new ESOP scheme may cause mild dilution over time but generally aligns employee interests with shareholders. Overall, the proceedings indicate routine corporate governance with no contentious or negative items reported.