Geojit Financial Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 25, 2025
GEOJITFSL · price
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Geojit Financial Services held its 31st AGM on July 25, 2025, via video conferencing, with 90 members attending. Shareholders considered and adopted the audited standalone and consolidated financial statements for FY ending March 31, 2025, both of which had clean (unqualified) audit reports. A final dividend of Rs. 1.50 per equity share was declared, and Mr. Jones George was re-appointed as a director retiring by rotation. The meeting also approved the appointment of Mr. Mir Mohammed Ali IAS as Nominee Director, re-appointment of Ms. Alice Geevarghese Vaidyan as Independent Director for a second 5-year term, and the introduction of a new 'GFS Employee Stock Option Scheme 2025' covering subsidiary and associate company employees. Voting was conducted electronically, with results to be announced separately by the scrutinizer.
The Rs. 1.50 per share dividend is a direct positive for shareholders, while the clean audit report signals financial integrity. The new ESOP scheme may result in some share dilution over time but is intended to retain talent and align employee interests with company performance.