Electrosteel Castings Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 27, 2025. Further, the company has informed the Exchange regarding voting results.
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Electrosteel Castings Limited held its 70th Annual General Meeting on August 27, 2025, via video conferencing, with voting conducted through NSDL's e-voting platform. All eight resolutions were passed with the requisite majority, including adoption of audited standalone and consolidated financial statements for FY25 (both approved with 88.19% in favor), declaration of a final dividend of Rs. 1.40 per share (140% on face value of Re. 1) approved unanimously, and re-appointments of directors Mr. Sunil Katial (87.60%), Mr. Uddhav Kejriwal (89.09%), and Mr. Rajkumar Khanna as Independent Director for a second 5-year term (88.24%). The appointment of MKB & Associates as Secretarial Auditor and ratification of Cost Auditors' remuneration also passed with near-unanimous support (99.99%). Ms. Rashmi Bihani of M/s. Bihani Rashmi & Co. served as the scrutinizer. Out of 190,204 shareholders on the record date, 58 public shareholders attended through VC.
All agenda items were approved, confirming a Rs. 1.40 per share dividend for FY25 and continuity of board composition, which is largely positive for shareholders. However, notable dissent from public institutional investors (80-89% against) on the director re-appointments signals some governance concerns that long-term institutional investors may monitor going forward.