Ddev Plastiks Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 22, 2025 along with a copy of minutes.
DDEVPLSTIK · price
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Ddev Plastiks Industries held its 5th Annual General Meeting on September 22, 2025 via video conferencing, from 11:30 AM to 12:20 PM. A total of 79 members attended, representing 79.87% of paid-up capital (82,648,968 shares), with promoter group holding 74.99%. The meeting considered five resolutions including adoption of FY25 audited financials, declaration of a dividend of Rs. 1.75 per equity share (175% on face value of Re. 1), re-appointment of Mr. Ddev Surana as director, approval of cost auditors' remuneration, and appointment of the secretarial auditor. One independent director, Mrs. Ramya Hariharan, was absent due to prior commitments. Shareholders raised queries on GST impact, US tariffs, export outlook, capex/expansion plans, and the wires and cable industry. The company also flagged that the FY25 Annual Report will be refiled with stock exchanges due to inadvertent typographical and formatting errors. Final voting results are awaited and will be published within two working days.
The proposed Rs. 1.75 per share dividend is the main positive for shareholders, pending formal approval via e-voting results. The need to refile the Annual Report due to errors is a minor governance negative, while the high promoter holding (74.99%) and strong attendance signal stable shareholder support.