Outcome of Annual General Meeting held on 29th September 2025
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Divyashakti Limited held its 34th AGM on 29th September 2025 via video conferencing, attended by 62 members. The meeting was chaired by Managing Director N. Hari Hara Prasad, with the Board including three Independent Directors and the CFO also present. Six resolutions were passed, including adoption of audited financials for FY25, declaration of a 20% dividend on equity shares, reappointment of director Anuradha Anne, and approval of related party transactions. A notable resolution approved the company's entry into the solar power generation business by acquiring a 51% to 55% stake in an existing project entity through a subsidiary. The meeting concluded in about 28 minutes, and voting results were to be announced within two days. Statutory and secretarial audit reports were noted as unqualified.
The 20% dividend declaration is a positive signal for shareholders, rewarding equity holders. The solar power foray marks a strategic diversification move beyond the company's core granite business, which could reshape its growth narrative and attract new investor interest. Voting results are awaited to confirm shareholder support for these proposals.