Please find the enclosed outcome of the 44th AGM held on July 31, 2025 at 03.00 pm IST
ELCIDIN · price
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Elcid Investments held its 44th AGM on July 31, 2025 via video conferencing, where all 8 resolutions were passed with overwhelming shareholder approval (99.99% in favor on each item). The company declared a final dividend of ₹25 per equity share for FY25, reaffirming its position as an investment-focused NBFC with a core holding in Asian Paints and diversified listed/unlisted securities. The Board also got shareholders' nod to appoint Ms. Amrita Vakil as Whole-Time Director, Mrs. Ragini Vakil as Non-Executive Director, and Ms. Margarette Shwetha Thomas and Mr. Essaji Vahanvati as Independent Directors (special resolutions). Voting turnout was 75.84%, with 17 members (6 promoters, 11 public) attending, out of 2,830 total shareholders on record date.
Shareholders confirmed a healthy ₹25/share dividend and stable governance with no disruption to the promoter-family led board. The strong voting margin shows broad support for management's strategy, though the small public float (50,000 shares) and limited voting participation among non-promoter shareholders continue to be a feature of this small-cap investment holding company.