ITD Cementation India Limited has informed the Exchange about Shareholders meeting
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ITD Cementation India Limited has issued the notice for its 47th Annual General Meeting to be held on Thursday, 7 August 2025 at 2:30 p.m. IST via Video Conferencing, along with the Annual Report for FY 2024-25. The AGM will consider adopting audited standalone and consolidated financial statements, declaring a dividend of ₹2.00 per equity share (200%) on shares of face value ₹1 each, with a record date of 31 July 2025 and payment on 18 August 2025. Key special business includes a proposal to change the company's name to 'Cemindia Projects Limited', approval of material related party transaction worth ₹1,100 Crore with Adani Road Transport Limited (ARTL), and amendments to the Articles of Association to reflect a change in promoter reference from Italian-Thai Development Public Company Limited to Renew Exim DMCC. Several director appointments are also on the agenda, including Dr. Malay Mahadevia and Mr. KS Rao as Non-Executive Non-Independent Directors, and Mr. Manoj Kumar Kohli and Mrs. Sangeeta Bhatia as Independent Directors for a 3-year term, along with the re-appointment of Managing Director Mr. Jayanta Basu.
Shareholders will receive a healthy 200% dividend (₹2 per share) and get to vote on a significant name change and a ₹1,100 Crore contract with Adani Road Transport, which could reshape the company's identity and order book. The promoter shift reflected in the Articles of Association and new board appointments signal a strategic transition that investors should watch closely around the 7 August AGM.