Centum Electronics Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 05, 2025
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Centum Electronics held its 32nd AGM on August 5, 2025, via video conferencing from 10:30 AM to 11:31 AM, with 55 shareholders present. All 6 resolutions were passed with the requisite majority, including adoption of standalone and consolidated financial statements for FY25, declaration of a final dividend of Rs. 6 per equity share (60% on a face value of Rs. 10), re-appointment of Ms. Tanya Mallavarapu as Director, appointment of Mr. K Rajshekar as Secretarial Auditor, and approval of remuneration for Cost Auditors M/s K.S. Kamalakara & Co. for FY 2025-26. The Chairman acknowledged the retirement of Independent Directors Mr. Manoj Nagrath and Mr. Rajiv C Mody effective August 6, 2025, and the retirement of CFO Mr. K.S. Desikan at the end of August 2025 after a 25-year tenure, with Mr. Sundararajan Parthasarathy introduced as the incoming CFO (CFO-Designate).
Shareholders stand to receive a final dividend of Rs. 6 per share, a positive cash return. The simultaneous exit of two independent directors and the long-serving CFO marks a notable leadership transition, which investors should monitor for any disruption in strategy or governance continuity.