DCM Shriram Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 12, 2025
DCMSHRIRAM · price
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DCM Shriram Limited has issued the notice for its 36th Annual General Meeting to be held on Tuesday, August 12, 2025, at 10:30 AM through video conferencing. Key items on the agenda include adoption of audited financial statements for FY25, declaration of a final dividend of Rs. 3.40 per equity share (face value Rs. 2), on top of the interim dividend of Rs. 5.60 per share already paid, taking total FY25 dividend to Rs. 9 per share. The notice also seeks shareholder approval for the re-appointment of Mr. Ajit S. Shriram as Joint Managing Director for five years from May 2, 2026 at a monthly salary of Rs. 36.40 lakhs, appointment of M/s. RMG & Associates as Secretarial Auditors for five years, and continuation of Justice (Retd.) Vikramajit Sen as Independent Director beyond age 75. The record date for the final dividend is August 5, 2025, and the e-voting window runs from August 9 to August 11, 2025.
The total dividend of Rs. 9 per share for FY25 (Rs. 5.60 interim already paid plus Rs. 3.40 final subject to approval) is a positive signal for income-seeking shareholders. The re-appointment of a key member of the promoter family as Joint Managing Director provides leadership continuity, while the agenda items are largely routine and unlikely to materially impact the stock price.