Proceeding of the 48th Annual General Meeting (AGM) of the Company
COSMOFIRST · price
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Cosmo First Ltd held its 48th Annual General Meeting on August 4, 2025, at 3:00 PM via Video Conferencing, chaired by Mr. Ashok Jaipuria. Shareholders approved all 7 resolutions with overwhelming majority, including adoption of audited financial statements for FY ending March 31, 2025, and declaration of a 40% dividend (Rs. 4 per equity share). The meeting also approved the re-appointment of Mr. Anil Kumar Jain as Whole-Time Director, re-appointment of Statutory Auditors for a second 5-year term, and re-appointment of Mr. Rakesh Kumar Nangia as Independent Director for another 5 years via special resolution. The scrutinizer, Mr. Sanjeev Aggarwal of B.K. Shroff & Co., confirmed that all resolutions were passed with requisite majority, with nearly all valid votes cast in favour. The meeting concluded at 3:52 PM.
The Rs. 4 per share dividend signals healthy cash returns for shareholders, while the smooth passage of all resolutions — including director and auditor re-appointments — reflects strong shareholder confidence and no governance concerns, which is mildly positive for the stock.