Foseco India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on May 21, 2025
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Foseco India Limited held its 68th Annual General Meeting on May 21, 2025 via Video Conferencing, from 2:00 PM to 3:10 PM IST. The meeting was chaired by Mr. Ravi Kirpalani, with all directors present except Patrick Georges Felix Andre. Promoter shareholders representing 74.98% of total paid-up shares (47,88,845 equity shares) attended through authorised representatives. The Auditor's Report had no qualifications, observations, or adverse comments. Seven resolutions were transacted, including the key proposal to declare a final dividend of Rs. 25 per share (250%) on equity shares of Rs. 10 each for FY2024, adoption of audited financial statements, director appointments, and payment of commission to independent directors (Special Resolution). E-voting was conducted from May 17 to May 20, 2025, with results to be declared after receiving the scrutiniser's report.
The proposed Rs. 25 per share final dividend (250%) reflects strong shareholder returns for FY2024. The clean auditor's report and routine resolutions are positive signals for governance, though no new strategic announcements were made in this filing.