Ghcl Textiles Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 21, 2025
GHCLTEXTIL · price
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GHCL Textiles has informed the exchanges about its 5th Annual General Meeting scheduled for Monday, July 21, 2025 at 10:00 AM, to be held through video conferencing. Shareholders on record as of July 14, 2025 will be eligible to vote, with remote e-voting open from July 17 to July 20, 2025. The AGM will consider adopting FY25 audited financials, declaring a dividend of ₹0.50 per share (25% on face value of ₹2), and re-appointing Mr. Ravi Shanker Jalan as a director liable to retire by rotation. The company is also seeking shareholder approval to appoint Chandrasekaran Associates as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), with a remuneration cap of ₹5 lakh per year (₹3 lakh for FY 2025-26). Three new Independent Directors — Mrs. Sudha Pillai, Mr. V K Jeyakodi, and Mr. C R Rajagopal — were appointed on the board effective March 1, 2025. The full Annual Report for FY 2024-25 has been filed with the exchanges and is available on the company's website.
The dividend of ₹0.50 per share is a small but tangible return for shareholders. Routine items like director re-appointment and secretarial auditor change are unlikely to materially move the stock; investors should watch for any commentary from the management discussion section of the annual report for FY25 business performance signals.