Pursuant to Regulation 30, Part a, of Schedule III of the SEBI (LODR) Regulations, 2015, please find enclosed Proceedings of 36th Annual General Meeting ( AGM) of the Company held on Friday ....
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Cochin Minerals and Rutile Limited held its 36th AGM on August 8, 2025, via video conferencing, with 87 members present representing 28.28% of paid-up equity capital. Shareholders approved the audited accounts for FY ending March 31, 2025 and declared an 80% dividend (Rs. 8 per share on Rs. 10 face value). Two directors—Anil Ananda Panicker and Nabiel Mathew Cherian—were re-appointed via retirement by rotation. Saran S Kartha was formally appointed as Managing Director for 3 years from May 21, 2025, with remuneration capped at 5% of net profits or Rs. 15 lakh/month minimum. The Articles of Association were amended to create a new 'Chairman Emeritus' position, and Dr. S N Sasidharan Kartha (a related party) was appointed to that role for 5 years at Rs. 8 lakh/month. M/s. SEP Associates was also appointed as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30).
The 80% dividend is a strong cash return signal for shareholders, while the creation of a Chairman Emeritus role and the related-party appointment of Dr. Kartha at Rs. 8 lakh/month is a governance item shareholders should note. The formalised MD appointment provides leadership continuity. Overall, these are routine AGM approvals with no major red flags.