Eimco Elecon (India) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 25, 2025. Further, the company has informed the Exchange regarding voting results.
EIMCOELECO · price
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Awaiting price reaction for this filing.
Eimco Elecon held its 51st AGM on June 25, 2025 (10:00 AM to 11:18 AM) via video conferencing, and all 8 resolutions were passed with the required majority. Shareholders approved the audited financial statements for FY25, declared a dividend for the year ended March 31, 2025, and re-appointed Mr. Mukulnarayan Dwivedi as a director. Dr. Sonal V. Ambani was appointed as an Independent Director for a 5-year term. A new set of Articles of Association was adopted, and the appointment of Secretarial Auditors and remuneration of the Cost Auditor were ratified. Total votes polled represented 49.12% of outstanding shares (28,33,287 out of 57,68,385). The Material Related Party Transaction with Emtici Marketing LLP passed with 56.07% in favour (the narrowest margin among all resolutions), with promoters abstaining as they are related to the transaction.
Shareholders will receive the declared dividend for FY25, and the board gains a new Independent Director, which is positive for governance. The RPT with Emtici Marketing LLP drew the lowest approval (~56%), reflecting some minority shareholder dissent, though it still passed. Overall, all routine resolutions sailed through comfortably, so no major negative signals for the stock.