ANOUNCEMENT UNDER REGULATION 30 (LODR)-UPDATE INTIMATION OF 49TH AGM FOR THE FINANCIAL YEAR 2024-25
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Coromandel Agro Products & Oils Ltd has announced its 49th AGM to be held on Monday, August 11, 2025 at 11:30 AM at the company's factory premises in Chirala, Andhra Pradesh, in physical mode. Key items on the agenda include adopting the audited financial statements for FY ending March 31, 2025, and declaring a final dividend of Rs. 2 per share (20%) on equity shares of Rs. 10 face value, with the record date set for August 4, 2025 and payment expected on or after August 15, 2025. Shareholders will also vote on the re-appointment of Mr. Maddi Venkateswara Rao (retiring by rotation) and the appointment of three new independent directors — Smt. Vangala Bhargavi as Independent & Women Director, Smt. Maddula Durga Sushma, and Dr. S. Anitha Devi — each for a five-year term. Additionally, members will ratify the cost auditors' remuneration of Rs. 35,000 per annum and approve the appointment of M/s. K. Srinivasa Rao & Co as Secretarial Auditors for five years (FY 2025-30). Remote e-voting will be open from August 8 to August 10, 2025.
Routine AGM notice with a 20% final dividend that rewards shareholders pending approval at the meeting. The proposed appointment of three new independent directors will strengthen the board, but none of the items materially alter the company's operations or outlook for retail investors.