CIE Automotive India Limited has informed the Exchange regarding Proceedings of 27th Annual General Meeting held on April 29, 2026
CIEINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CIE Automotive India Limited held its 27th AGM on April 29, 2026 via video conferencing. All 8 resolutions placed before the shareholders were passed with requisite majority. Key outcomes include adoption of audited financial statements for FY ended December 31, 2025, declaration of dividend at Rs. 7 per equity share of face value Rs. 10, and re-appointment of Chairman Shriprakash Shukla as director. The meeting also approved remuneration revisions for Whole-time Director Mr. Manoj Mullassery Menon (capped at Rs. 30 million per annum from April 2026) and Non-Executive Director Mr. Shriprakash Shukla (Rs. 6 million per annum for 3 years). Two material related party transactions were approved: with Mahindra & Mahindra Limited (up to Rs. 25,000 million annually for sale/purchase of goods, services and assets) and with CIE Automotive S.A. (ultimate holding company for cash pooling and services by subsidiary CIE Galfor S.A.U.). The statutory auditors report contained no qualifications.
All resolutions passing with majority is a positive signal for shareholders. The dividend of Rs. 7 per share confirms the company's profitability. The material related party transaction with Mahindra & Mahindra indicates an important business relationship that investors should monitor.