Intimation of 34th Annual General Meeting Scheduled to be held on 29th September 2025 at 11:00 A.M. via Video Conferencing
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Divyashakti Limited has notified the 34th AGM of members to be held on Monday, 29th September 2025 at 11:00 A.M. through Video Conferencing (VC) / Other Audio-Visual Means, with the registered office in Hyderabad, Telangana as the deemed venue. Key business to be transacted includes: (1) adoption of audited financial statements for FY 2024-25, (2) declaration of a final dividend of ₹2 per share (20%) on equity shares of ₹10 face value, with record date as 22nd September 2025, and (3) re-appointment of Smt Anuradha Anne as director liable to retire by rotation. Special business items seek shareholder approval for material related party transactions with Cosmos Granite firms aggregating up to ₹80 crores (₹25 cr + ₹45 cr + ₹10 cr), and a major strategic move to invest up to ₹150 crores for acquiring a 51%–55% stake in an existing solar power project entity through a subsidiary, requiring a Special Resolution. Additionally, the meeting will consider the appointment of M/s. Puttaparthi Jagannatham and Co. as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, with initial remuneration of ₹4,50,000.
The AGM agenda includes a 20% dividend declaration and a significant ₹150 crore diversification into solar power generation, which could reshape the company's future revenue mix. The related party transactions with promoter-linked Cosmos Granite firms (up to ₹80 crores) and the re-appointment of a promoter-family director may draw scrutiny from minority shareholders.