Notice of 7th Annual General Meeting to be held on Friday August 08, 2025
CELLO · price
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Cello World Limited has called its 7th AGM on Friday, August 8, 2025 at 1:30 PM, to be held via video conferencing. Ordinary business includes adopting the FY25 audited financial results and approving a dividend of ₹1.50 per share (30%) on equity shares of ₹5 face value, with the record date set as August 1, 2025 and payment on or after August 13, 2025. Key special business items seek shareholder approval for the new 'Cello ESOP-2025' covering up to 66,26,551 stock options, extension of the ESOP to subsidiary and group company employees, and reappointment of multiple independent directors (Mr. Pushapraj Singhvi, Mr. Piyush Chhajed, Mr. Arun Singhal, Ms. Sunipa Ghosh, and Ms. Manali Kshirsagar) for terms ranging from 3 to 5 years. The notice also proposes appointing M/s. Sarvaiya & Co as secretarial auditor for 5 years and adopting revised Articles of Association. Remote e-voting will be open from August 5 to August 7, 2025.
Shareholders on record as of August 1, 2025 will receive the ₹1.50 dividend, with TDS applicable. The proposed ESOP could lead to dilution of up to 66.26 lakh shares but is aimed at retaining talent. Director reappointments and the new secretarial auditor indicate stable governance continuity.