CG Power and Industrial Solutions Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 24, 2025
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CG Power held its 88th AGM on July 24, 2025 via video conferencing, where 9 promoter group members and 71 public shareholders attended remotely. Shareholders voted on 9 resolutions covering the adoption of standalone and consolidated financial statements for FY25, confirmation of the interim dividend, re-appointment of directors, payment of commission to a non-executive director, and ratification of auditors. Out of about 1.57 billion total shares, around 1.28 billion (81.15%) were voted. All 9 resolutions were passed with the required majority, with most receiving over 99% support, including the interim dividend (99.9999%) and the standalone/consolidated financial statements (99.96% in favor). The re-appointment of independent director Mr. P S Jayakumar received the lowest support at 88.81%, with institutional investors notably dissenting (36.69% voted against).
The smooth approval of all resolutions, including the interim dividend and key director re-appointments, signals strong shareholder confidence in the company's governance. The relatively higher dissent on Mr. Jayakumar's re-appointment from institutional investors is worth monitoring but is unlikely to have a material impact on the stock price.