Elecon Engineering Company Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 25, 2025
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Elecon Engineering Company Limited held its 65th AGM on June 25, 2025, via video conferencing, and all 7 resolutions were passed with the required majority. The key resolution was the declaration of a final dividend of Rs. 1.50 per equity share (150%) for FY ended March 31, 2025, which was approved with 100% votes in favour. Members also adopted the audited standalone and consolidated financial statements for FY25 with 100% support. Mr. Aayush A. Shah was re-appointed as a director retiring by rotation with 96.31% approval, and Mrs. Natasha K. Treasurywala was appointed as a new Non-Executive Independent Woman Director with 99.25% support. Remaining resolutions covering commission to non-executive directors, appointment of secretarial auditor, and ratification of cost auditor remuneration for FY26 also passed with near-unanimous approval.
All resolutions passed comfortably with strong shareholder backing, including the 150% final dividend which is positive for income-seeking shareholders. The overwhelming approval on most items and lack of significant dissent reflect stable corporate governance, though a 3.69% vote against the director re-appointment is a minor note of shareholder dissent.