Elgi Equipments Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 12, 2025
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Elgi Equipments Limited has filed the Scrutinizer's Report for its 65th Annual General Meeting held on August 12, 2025 via video conferencing. All 6 resolutions were passed with the requisite majority. Resolution 1 (adoption of FY25 audited financial statements) and Resolution 2 (declaration of dividend for FY ended March 31, 2025) passed with 100% approval. Resolution 3 (re-appointment of Mr. Sudarsan Varadaraj as Director via retirement by rotation) passed with 83.59% in favour. Resolution 4 (ratification of cost auditor remuneration) and Resolution 5 (appointment of MDS & Associates LLP as Secretarial Auditors for 5 years) passed with near-unanimous support. Resolution 6, a Special Resolution approving the re-appointment of Mr. Jairam Varadaraj as Managing Director for 5 years (April 1, 2026 to March 31, 2031), passed with 98.52% approval.
Shareholders have approved the FY25 dividend and confirmed continuity of leadership with the re-appointment of both the Managing Director and a Director. The high approval rates across all resolutions, including the MD re-appointment, signal strong shareholder confidence and provide management stability for the next 5-year term.