Summary of proceedings of the 64th Annual General Meeting of the Company held on Thursday, July 24, 2025
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The 64th AGM of Duncan Engineering Limited was held on Thursday, July 24, 2025, via video conferencing, from 11:00 AM to 11:46 AM IST, with 29 members attending virtually. Chairman Mr. Arvind Goenka briefed shareholders on the company's operational and financial performance for FY ended March 31, 2025, and Managing Director Mr. Akshat Goenka addressed shareholder queries. Five ordinary resolutions were put to e-vote: (1) adoption of audited financial statements for FY25, (2) declaration of dividend of Rs. 3.00 per equity share (face value Rs. 10), (3) reappointment of Mr. Akshat Goenka as director (retiring by rotation), (4) reappointment of M/s. S. S. Kothari Mehta & Co. LLP as statutory auditors, and (5) appointment of M/s. S. Vaishnav & Associates as secretarial auditors for a 5-year term. All directors attended except Independent Director Mr. Mahesh Krishna. The e-voting results along with the scrutinizer's report will be submitted separately under SEBI regulations.
The smooth conduct of the AGM and the proposed dividend of Rs. 3 per share signal steady shareholder returns and operational continuity. Reappointment of key directors and auditors indicates stable governance with no major disruption expected.