ITD Cementation India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 07, 2025
CEMPRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ITD Cementation India Limited held its 47th AGM on August 7, 2025, via video conferencing, with all 13 resolutions passed by the requisite majority. Shareholders approved the FY25 audited standalone and consolidated financial statements and declared a dividend of Rs. 2.00 per equity share (200%) for the year ended March 31, 2025. Managing Director Jayanta Basu was reappointed on retirement by rotation, and several new directors were appointed, including two independent directors and two non-executive non-independent directors. A key highlight was shareholder approval to change the company's name from "ITD Cementation India Limited" to "Cemindia Projects Limited," along with amendments to the Articles of Association. Other approvals included the appointment of Parikh & Associates as secretarial auditors and a material related party transaction.
The 200% dividend (Rs. 2 per share) is a tangible cash return for shareholders, while the rebranding to Cemindia Projects signals a strategic identity shift. Board appointments and the material related party transaction suggest ongoing governance and operational restructuring.