Esab India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 14, 2025
ESABINDIA · price
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Awaiting price reaction for this filing.
Esab India has called its 38th Annual General Meeting on August 14, 2025 at 3:30 PM, to be held via video conferencing. The notice was dispatched to shareholders on July 14, 2025, with remote e-voting open from August 11 to August 13, 2025. Key items on the agenda include approval of FY25 financial statements, declaration of a final dividend of Rs. 42 per share (420% on face value of Rs. 10), re-appointment of Managing Director Rohit Gambhir, appointment of Mr. V Mahesh as Secretarial Auditor for five years (FY26–FY30), and ratification of Cost Auditor remuneration. Shareholders will also be asked to approve material related party transactions of up to Rs. 200 crores each with ESAB Europe GmbH (Switzerland) and EWAC Alloys Limited (India), both group entities. The accompanying annual report shows total revenue of Rs. 1,381 crore in FY25, up 10.5% from Rs. 1,250 crore in FY24, with profit after tax rising to Rs. 175 crore from Rs. 163 crore, and EPS at Rs. 113.98.
Routine procedural filing, but the strong final dividend declaration and steady earnings growth are positive signals for shareholders. The two large related-party transaction approvals with overseas and domestic group companies are standard for a subsidiary of a multinational group, and shareholders should review them for arm's-length pricing.