Please find the enclosed Voting Results for the 44th AGM held on July 31, 2025.
ELCIDIN · price
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EL CID Investments Ltd held its 44th Annual General Meeting on July 31, 2025, via video conferencing, concluding in just 18 minutes (3:00 PM to 3:18 PM). Of 2,830 shareholders on record, 17 attended (6 promoters and 11 public members), and 75.84% of outstanding shares voted. All 8 resolutions were passed with overwhelming approval (~99.99% in favour). Key items included: adoption of FY25 audited financial statements, declaration of a final dividend of ₹25 per equity share, re-appointment of Mr. Varun Vakil as director, appointment of Ms. Amrita Vakil as Whole-Time Director, appointment of Mrs. Ragini Vakil and Ms. Margarette Shwetha Thomas as directors, re-appointment of Mr. Essaji Vahanvati as Independent Director, and appointment of Ruchi Kotak & Associates as Secretarial Auditor for 5 years. The Chairman highlighted the company's strong position as an NBFC with core holdings in Asian Paints and a diversified portfolio.
Shareholders have approved a ₹25 per share final dividend, confirming strong returns, and the board has been reconstituted with family and independent directors for the next term, signalling continuity in governance. The near-unanimous approval on all resolutions indicates strong shareholder confidence, though the very short 18-minute meeting and modest public attendance (only 11 non-promoter members) may reflect limited retail engagement.