CIE Automotive India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on April 30, 2025
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CIE Automotive India Limited (formerly Mahindra CIE Automotive Limited) held its 26th AGM on April 30, 2025, through video conferencing, where all 10 resolutions were approved by shareholders with the required majority. Key items passed include adoption of audited financial statements for FY ended December 31, 2024, and declaration of a dividend of Rs. 7 per equity share (face value Rs. 10). Directors Mr. Manoj Mullasery Menon (3-year term as Whole-time Director from Oct 17, 2025) and Mr. Ander Arenaza Alvarez (3-year term from Sep 13, 2025) were re-appointed, with Mr. Menon also re-appointed as a director liable to retire by rotation. M/s. SYD & Associates were appointed as Secretarial Auditors for 5 years, and the Cost Auditors' remuneration of Rs. 13.86 lakh was ratified. Shareholders also approved material related party transactions with Mahindra & Mahindra Limited (up to Rs. 23,000 million per year) and between CIE Galfor SA and CIE Automotive SA. Additionally, the registered office will shift from Santacruz, Mumbai to Bhosari, Pune.
All resolutions passed with overwhelming support (most above 99%), signaling strong shareholder confidence in management. The Rs. 7 per share dividend rewards investors, while the RPT approvals and registered office shift to Pune (where the corporate office already is) suggest operational streamlining. The re-appointment of both whole-time directors provides leadership continuity. No negative price impact is expected.