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Coromandel Agro Products & Oils Ltd held its 49th Annual General Meeting on August 11, 2025 at its factory premises in Chirala, Andhra Pradesh. All directors were present and 15 members attended in person. The Chairman, Sri Maddi Venkateswara Rao, discussed the edible oil industry developments, the company's financial performance for FY 2024-25, and future outlook. The Auditor's Report had no qualifications or adverse comments. Eight resolutions were put to vote (via e-voting and poll), including approval of financial statements, a final dividend of Rs. 2 per share (20%) for FY ended March 31, 2025, reappointment of a director, appointment of three new independent directors (including one women director), ratification of cost auditors' remuneration, and appointment of secretarial auditors for a 5-year term. Results will be declared within 48 hours by the Scrutinizer.
Shareholders will benefit from a Rs. 2 per share final dividend (20% on face value of Rs. 10). The addition of three independent directors strengthens board composition. The clean auditor's report and routine nature of resolutions suggest no major governance concerns, though the small shareholder turnout (15 members) reflects the company's limited size.