Eicher Motors Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 21, 2025
EICHERMOT · price
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Eicher Motors held its 43rd AGM on August 21, 2025 via video conferencing from 1:00 PM to 3:18 PM IST, with the required quorum present. Six ordinary resolutions were put to e-voting, covering: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) declaration of a dividend of Rs. 70 per equity share (face value Re. 1), (3) re-appointment of Mr. Vinod Kumar Aggarwal as a director retiring by rotation, (4) appointment of M/s. AGSB & Associates as Secretarial Auditors for a 5-year term from FY 2025-26 to FY 2029-30, (5) approval of material related party transactions between subsidiary VECV and Volvo Group India, and (6) ratification of Rs. 5 lakh remuneration for the Cost Auditor. Remote e-voting was open from August 18 to August 20, 2025, and voting results will be declared once the Scrutinizer's Report is received.
The highlight for shareholders is the Rs. 70 per share dividend declaration, a strong payout signal. The VECV-Volvo related party transaction approval is routine but important for the subsidiary's operations. Voting results are pending and could move the stock if any resolution sees dissent.