Announced Tue, 30 Jun · 17:54 IST

Fredun Pharma 39th AGM: 7% Dividend and Bonus Shares Among 11 Resolutions

Board & Shareholder Meetings View source PDF

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AI summary

Fredun Pharmaceuticals held its 39th AGM on June 30, 2026 via video conferencing from 9:00 AM to 9:20 AM. Eleven resolutions were put to vote, including a 7 percent dividend on equity shares for FY26, issue of bonus equity shares, increase in authorised share capital, and re-appointment of Dr. D.N. Medhora. Special resolutions covered related party transactions, higher borrowing limits, creation of charges on assets, and expanded investment and loan limits. Scrutinizer Kala Agarwal will submit the combined voting report within two working days.

Likely market impact

Shareholders stand to get a 7 percent dividend plus bonus shares. Larger borrowing limits suggest growth plans, but final voting outcomes are still awaited.