Enclosed herewith Notice of 65th Annual General Meeting to be held on Wednesday, August 20, 2025.
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Dai-Ichi Karkaria Limited has sent out the notice for its 65th Annual General Meeting (AGM) to be held on Wednesday, August 20, 2025 at 11:30 a.m. (IST) via video conferencing. The AGM will consider adoption of audited financial statements, declaration of a dividend of Rs 3.50 per share (35% on face value of Rs 10), and re-appointment of directors. Key resolutions include re-appointment of Mr. Ashok Hiremath as Independent Director for a second 5-year term, appointment of Vinod Kothari & Company as Secretarial Auditor for 5 years, and approval of material related party transactions with ChampionX Dai-ichi India (up to Rs 50 crore in sales) and Indian Oxides and Chemicals (up to Rs 50 crore in purchases). The annual report highlights consolidated revenue growth of 38% to Rs 181.4 crore, with profit before tax improving to Rs 6.9 crore from a marginal profit, and a debt-equity ratio of 0.07.
Shareholders on record as of August 13, 2025 will be eligible for the Rs 3.50 dividend, payable on or after August 25, 2025. The strong revenue growth and improvement in profitability, combined with a clean balance sheet, are positive signals, though shareholders should review the related party transactions and the adoption of new MOA/AOA as per Companies Act 2013.