Please find the enclosed summary of the proceedings of 44th Annual General Meeting 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, with 17 shareholders attending (6 promoter group, 11 public) out of 2,830 shareholders on record. The company is an NBFC focused on investments, with a core holding in Asian Paints as part of the Promoter Group. All 8 resolutions were passed with over 99.99% approval, including adoption of FY25 financial statements, declaration of a final dividend of ₹25 per equity share, re-appointment of Mr. Varun Vakil (rotational), appointment of Ms. Amrita Vakil as Whole Time Director (5 years), appointment of Mrs. Ragini Vakil as Non-Executive Director, appointment of Ms. Margarette Shwetha Thomas as Independent Director, re-appointment of Mr. Essaji Vahanvati as Independent Director, and appointment of Ruchi Kotak & Associates as Secretarial Auditor for 5 years. The Chairman highlighted strong portfolio value and dividend income despite macroeconomic uncertainties, and addressed the SEBI Special Call Auction Mechanism introduced for listed investment companies.
Shareholders have approved a ₹25 per share final dividend and a refreshed board, signalling continuity in leadership and steady capital returns. The company reaffirmed its strong Asian Paints-linked portfolio value, which is supportive for long-term holders, though the stock remains subject to SEBI's new Special Call Auction pricing dynamics.