Announced Thu, 19 Jun · 12:15 IST

Please find attached herewith outcome and proceedings of today''s Annual General Meeting of the Company

Board & Shareholder Meetings View source PDF

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AI summary

The company held its 84th Annual General Meeting on June 19, 2025, from 11:00 AM to 11:15 AM. All agenda items were approved unanimously. Key items included: adoption of financial results for the year ended March 31, 2025; declaration of a dividend of Re. 1.00 per equity share (10%) on 2,40,000 equity shares of face value Rs. 10 each; re-appointment of Mr. Sunil Adukia as a Director liable to retire by rotation; appointment of M/s. V K Bhanushali & Co as Secretarial Auditor for a five-year term; and appointment of Mr. Jaimin Desai (DIN: 10957029) as an Independent Director.

Likely market impact

A 10% dividend (Re. 1 per share) is a modest but tangible return for shareholders. New Independent Director and Secretarial Auditor appointments strengthen governance. The short 15-minute meeting with unanimous approvals suggests routine, uncontested proceedings with no negative surprises for shareholders.