Cheviot Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 07, 2025
CHEVIOT · price
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Cheviot Company Limited has issued the notice for its 127th AGM, scheduled for Thursday, August 7, 2025 at 11:00 a.m. via video conferencing. Shareholders will consider adoption of FY25 audited financial statements and a dividend of ₹5 per share (50%) on 58,41,875 shares, totaling about ₹2.92 crore, with record date set as July 31, 2025. The AGM also seeks approval to re-appoint Mr. Harsh Vardhan Kanoria as Chairman and Managing Director for another 5 years starting August 1, 2025, and to appoint M/s MR & Associates as Secretarial Auditor for 5 years from FY26 to FY30 at ₹1.2 lakh per annum. Additionally, members will vote on authorising the Board to create or modify charges on the company's assets in favour of Axis Bank for securing credit facilities, and to ratify the ₹40,000 remuneration for the Cost Auditor for FY26.
Routine AGM notice with positive shareholder takeaways — a confirmed dividend payout and continuity in leadership with MD re-appointment. The charge creation resolution in favour of Axis Bank signals ongoing or new borrowing, which investors may want to track for leverage changes.