Foseco India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on May 21, 2025
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Foseco India Limited submitted the Scrutinizer's consolidated report for its 68th AGM held on May 21, 2025 via video conferencing. Seven resolutions were voted on and all passed with overwhelming approval, each securing over 99.99% votes in favour. Key items included adoption of audited financial statements for FY ended December 31, 2024, declaration of a final dividend of Rs. 25 per share (250%) on the face value of Rs. 10, re-appointment of Mark Russell Collis as director, and appointment of Patrick Georges Felix Andre as a new director. Other resolutions covered the appointment of the Secretarial Auditor, ratification of Cost Auditor remuneration, and payment of commission to Independent Directors (passed as a Special Resolution). Out of 13,774 shareholders on the cut-off date, promoters (holding about 4.79 lakh shares, roughly 75% of equity) voted entirely in favour across all resolutions.
The headline outcome for shareholders is the final dividend of Rs. 25 per share, which is the main tangible benefit from this AGM. All governance-related resolutions sailed through without meaningful opposition, indicating smooth shareholder support and stable board continuity, with no material negative signals for the stock.