CG Power and Industrial Solutions Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 24, 2025. Further, the company has informed the Exchange regarding voting results.
CGPOWER · price
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Awaiting price reaction for this filing.
CG Power and Industrial Solutions Limited held its 88th Annual General Meeting on July 24, 2025 at 3:00 PM via video conferencing, with 80 members attending. The meeting was chaired by Mr. Vellayan Subbiah, and both the Statutory Auditors' Report and Secretarial Auditor's Report were clean, with no qualifications or adverse remarks. Key items transacted included adoption of standalone and consolidated financial statements for FY25, confirmation of an interim dividend of ₹1.30 per equity share (face value ₹2), re-appointment of Mr. M A M Arunachalam as a director, re-appointment of two independent directors (Mrs. Vijayalakshmi Rajaram Iyer and Mr. P S Jayakumar) for a second 5-year term, approval of commission to a non-executive director, and appointment of M/s. Parikh & Associates as secretarial auditors for five years (FY26–FY30). Voting was conducted through NSDL's e-voting platform between July 20 and July 23, 2025. The meeting concluded at 3:55 PM, with voting results to be declared separately within the prescribed timelines.
This is a routine procedural disclosure following the AGM; no major surprises. The clean audit reports and confirmation of the ₹1.30 interim dividend are mildly positive for shareholders. Investors should watch the separate voting results filing to see the actual margin of approval on each resolution, especially the special resolutions on director re-appointments and director commission.