Coral India Finance & Housing Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
CORALFINAC · price
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Awaiting price reaction for this filing.
Coral India Finance & Housing held its 31st AGM on September 29, 2025 via video conferencing from 11:00 AM to 11:52 AM. Chairman and Managing Director Mr. Navin Doshi was absent due to medical reasons, and Non-Executive Director Mrs. Meeta Sheth was elected to chair the meeting. Five resolutions were passed with overwhelming shareholder approval (over 99.99% in favor on each), including adoption of FY25 audited financials, declaration of a 20% dividend (40 paise per share on a face value of ₹2), re-appointment of Mr. Kishor Mehta as director, appointment of Ms. Neha Mehta as Non-Executive Independent Director, and appointment of Uma Lodha & Co. as Secretarial Auditor. About 75.3% of outstanding shares (roughly 3.03 crore shares) were polled, with 50 members attending the meeting out of 16,314 total shareholders. The company also acknowledged the end of Mr. Sharad Mehta and Mrs. Sheela Kamdar's tenure as Independent Directors.
Routine AGM disclosure with all resolutions passing easily — the 20% dividend and clean voting outcomes are mildly positive signals for shareholders, but the absence of the CMD on medical grounds is a minor governance watch-item. No material negative news; unlikely to move the stock significantly.