Geekay Wires Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025.
GEEKAYWIRE · price
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Geekay Wires Limited held its 36th Annual General Meeting on September 26, 2025, through video conferencing, with 69 members participating remotely and none physically present. The Chairman Ghanshyam Dass and Whole Time Director Ashish Kandoi addressed shareholders on the company's business and financial performance for FY 2024-25. Ordinary business items included adoption of audited financial statements for FY ending March 31, 2025, declaration of a final dividend, and re-appointment of Mr. Ashish Kandoi as director. Special business items included ratification of cost auditors' remuneration, appointment of secretarial auditors, approval of a material related party transaction with Geekay Wires (USA), and a proposal to sub-divide equity shares from a face value of Rs. 2 per share to Rs. 1 per share along with a related change to the Memorandum of Association. E-voting ran from 4:00 PM to 4:40 PM on the same day, and the meeting concluded at 4:22 PM. Final voting results are awaited and will be announced after the scrutinizer's report is received.
Shareholders gain from the proposed final dividend and the share sub-division, which would double the number of shares held while halving the per-share price, potentially improving liquidity and affordability. The related party transaction with the US entity and the share sub-division will need to be approved by members via the e-voting results, which are still pending.