Globus Spirits Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 18, 2025
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Globus Spirits Limited has issued the notice for its 32nd Annual General Meeting (AGM) scheduled on Monday, August 18, 2025, at 12:00 Noon, to be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM). Key agenda items include adoption of audited consolidated and standalone financial statements for FY ended March 31, 2025, and declaration of a dividend of Rs. 2.76 per equity share (27.60% on face value of Rs. 10). The notice seeks shareholder approval for the appointment of Mr. Amitabh Singh (Basic Salary Rs. 4,01,283/month) and Mr. Rajesh Kumar Malik (Basic Salary Rs. 3,40,975/month) as Executive Directors, appointment of Mr. Kenneth Dsouza as Independent Director for a 5-year term, and approval of the ESOP 2025 scheme covering up to 2,89,500 stock options. Additionally, M/s Sheetal & Company is proposed to be appointed as Secretarial Auditor for a 5-year term starting FY 2025-26, with cost auditor remuneration of Rs. 80,000 ratified. The record date for e-voting and dividend eligibility is August 11, 2025, and the e-voting window runs from August 14 to August 17, 2025.
The announced dividend of Rs. 2.76 per share is a positive cash return for shareholders, with record date set at August 11, 2025. The proposed ESOP 2025 plan of up to 2,89,500 options signals potential equity dilution, though stock options can also help retain talent. New executive and independent director appointments aim to strengthen the leadership team, generally viewed as a governance positive.