Please find enclosed the 36th AGM Notice for the meeting to be held on friday, 08th day of August, 2025 at 10.30 A.M through Video Conferencing("VC")/ Other Audio Visual Means ("OAVM")
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Cochin Minerals and Rutile Limited has issued the notice for its 36th AGM to be held on Friday, August 8, 2025 at 10:30 AM through video conferencing. Key items on the agenda include adoption of audited financial statements for FY2024-25, declaration of an 80% dividend (Rs. 8 per equity share on Rs. 10 paid-up value), re-appointment of two directors (Anil Ananda Panicker and Nabiel Mathew Cherian) who retire by rotation, and appointment of Mr. Saran S Kartha as Managing Director for 3 years effective May 21, 2025 following the resignation of Dr. S N Sasidharan Kartha due to health reasons. Shareholders will also vote on amending the Articles of Association to introduce the role of 'Chairman Emeritus', appointment of Dr. Sasidharan Kartha as Chairman Emeritus for 5 years at Rs. 8 lakh per month, and appointment of M/s. SEP Associates as Secretarial Auditors for FY2025-26 to FY2029-30. The remote e-voting window runs from August 5 to August 7, 2025.
The 80% dividend (Rs. 8 per share) is a positive signal reflecting strong profitability, while the leadership transition from the founder Dr. Sasidharan Kartha to Saran S Kartha as Managing Director signals continuity. The appointment of a Chairman Emeritus role for the outgoing founder ensures continued guidance, though shareholders should note the related-party remuneration of Rs. 8 lakh/month requires their approval.