Donear Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 27, 2025
DONEAR · price
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Donear Industries held its 39th AGM on September 27, 2025 via video conferencing from 11:00 AM to 11:32 AM, with all directors, independent directors, and auditors present. A dividend of Rs. 0.20 per equity share (on a face value of Rs. 2) has been declared for the financial year ended March 31, 2025. All eight resolutions placed before shareholders were passed with the requisite majority, including adoption of FY25 audited financial statements, re-appointment of Mr. Kishorsinh Parmar as Executive Professional Director for three years, appointment of M L Bhuwania And Co LLP as the new Statutory Auditor for a five-year term, re-appointment of Mr. Ajay Agarwal (retiring by rotation), appointment of Yogesh Sharma & Co. as Secretarial Auditor, ratification of Cost Auditors' remuneration, and approval of a material related party transaction with GBTL Limited. Remote e-voting was open from September 24 to September 26, 2025, and the detailed voting results will be filed separately with the stock exchanges.
Shareholders are set to receive a modest dividend of Rs. 0.20 per share for FY25. The meeting outcome is largely routine, but investors should note the approval of a material related party transaction with GBTL Limited, which warrants a look at the deal terms for governance and fairness.