Proceedings of the 26th AGM
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DAPS Advertising Limited held its 26th AGM on August 30, 2025 at The Pristine Hotel, Kanpur, from 1:00 PM to 2:00 PM, chaired by Whole-Time Director Mr. Paresh Chaturvedi. A total of 10 agenda items were taken up, including adoption of audited financial statements for FY ended March 31, 2025, declaration of a final dividend of Rs. 0.20 per equity share (face value Rs. 10), re-appointment of two directors (Paresh Chaturvedi and Dharmesh Chaturvedi) retiring by rotation, appointment of B.M. Chaturvedi & Co. as statutory auditors, re-appointment of Kamesh Sethi and appointment of Neha Rastogi as independent directors, and appointment of HKS & Associates LLP as secretarial auditor. Members also considered an increase in authorized share capital and a corresponding alteration to the Capital Clause of the Memorandum of Association. Remote e-voting was held from August 26-29, 2025, with polling at the meeting; combined voting results will be declared by September 2, 2025.
The final dividend of Rs. 0.20 per share (2% on face value) is a routine but modest shareholder return pending shareholder approval. The proposed increase in authorized share capital may signal plans for future fundraising or stock split, which could be dilutive and warrants monitoring once voting results are announced.