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Coromandel Agro Products and Oils Limited held its 49th AGM on August 11, 2025 at its factory premises in Chirala, Andhra Pradesh. All 8 resolutions were passed unanimously, with 6,31,041 votes (79.88% of outstanding shares) polled in favor and zero against. Key approvals include the adoption of FY25 audited financial statements, a final dividend of Rs.2 per equity share (20% on Rs.10 face value), reappointment of Mr. Maddi Venkateswara Rao as director, appointment of three independent directors (Smt. Vangala Bhargavi, Smt. Maddula Durga Sushma, and Dr. T. Anitha Devi) for 5-year terms, ratification of cost auditors' remuneration, and appointment of K. Srinivasa Rao & Co as secretarial auditors for 5 years. Out of 96 total shareholders, only 15 attended in person (6 promoters and 9 public), with no remote e-voting participation.
Shareholders will receive a Rs.2 per share final dividend, and the board has been strengthened with three new independent director appointments including a women director. The unanimous passing of all resolutions with no dissent signals strong shareholder-management alignment and is unlikely to cause any stock price movement beyond standard dividend-related trading.