Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), please find enclosed the Notice convening the 36th Annual ....
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Cochin Minerals and Rutile Limited has filed its Annual Report for FY 2024-25 along with the notice for the 36th Annual General Meeting (AGM) scheduled for Friday, 8th August 2025 at 10:30 AM via video conferencing. Shareholders will consider adopting audited financials and a proposed dividend of 80% (Rs. 8 per equity share of Rs. 10 face value). Key agenda items include re-appointment of two directors retiring by rotation, appointment of Mr. Saran S Kartha as the new Managing Director for 3 years (since 21st May 2025) following the health-related resignation of Dr. S.N. Sasidharan Kartha, alteration of Articles of Association to introduce a 'Chairman Emeritus' role, and appointment of Dr. Kartha as Chairman Emeritus at Rs. 8 lakh per month for 5 years. M/s. SEP Associates has been proposed as Secretarial Auditor for a 5-year term from FY 2025-26 to FY 2029-30. The report is also available on the company's website www.cmrlindia.com.
The 80% dividend signals continued profitability and shareholder reward, while the smooth transition of leadership from Dr. Kartha to his son Mr. Saran S Kartha and his elevation to Chairman Emeritus ensures continuity. The introduction of the Chairman Emeritus role and related-party payment of Rs. 8 lakh/month to Dr. Kartha may draw governance attention from minority shareholders.