Globus Spirits Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 18, 2025
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Globus Spirits Limited held its 31st Annual General Meeting on August 18, 2025 via video conferencing, where all 9 resolutions were passed. Shareholders approved a final dividend of Rs. 2.76 per equity share (27.60%) for FY25. Re-appointments of directors Shekhar Swarup, Amitabh Singh, and Rajesh Kumar Malik were cleared, along with the appointment of Kenneth Dsouza as Independent Director for a 5-year term. The Employee Stock Option Plan 2025 (ESOP 2025) was also approved with 92.48% votes in favour, though it saw notable dissent of 7.52%. Around 63.46% of outstanding shares participated in voting, with promoters voting unanimously in favour of all resolutions.
The Rs. 2.76 final dividend rewards shareholders directly, while the ESOP 2025 approval may lead to some future share dilution. All resolutions passing comfortably signals stable management and shareholder confidence, with no governance concerns materializing from the AGM.