Fertilizers and Chemicals Travancore Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
FACT · price
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FACT held its 81st AGM on September 26, 2025 via video conferencing. Shareholders approved the standalone and consolidated financial statements for FY ended March 31, 2025, and declared a final dividend of Re. 0.39 per equity share of Rs. 10 face value. The meeting also approved the re-appointment of Shri Manoj Sethi as Director and the appointment of three new directors, including two independent directors. Shareholders additionally cleared an increase in the company's borrowing limits under Section 180(1)(c) of the Companies Act, along with the creation of charges on the company's movable and immovable properties. E-voting results are to be declared within 48 hours of the meeting's conclusion.
The approved increase in borrowing limits suggests upcoming fund-raising activity, potentially for capex or working capital, which could lead to higher debt on the books. The final dividend of Re. 0.39 per share is modest and provides limited income to shareholders. Board refreshments and auditor appointments are routine governance items with no immediate material impact on the stock.