Gloster Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 08, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
GLOSTERLTD · price
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Gloster Limited held its 103rd Annual General Meeting on August 8, 2025, via video conferencing from 11:00 AM to 12:30 PM, chaired by Shri Hemant Bangur. All six resolutions were passed with overwhelming shareholder approval, with over 99.99% of votes cast in favour and 83.91% of outstanding shares participating in voting. Key business included adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and declaration of a final dividend of 200% (Rs. 20 per share) on equity shares of face value Rs. 10 each for FY 2024-25. The meeting also approved the re-appointment of Shri Yogendra Singh (DIN: 10229584) as a director, the appointment of Secretarial Auditors for a five-year term (FY 2025-26 to 2029-30), and the ratification of Cost Auditor remuneration for FY 2025-26. Mrs. Sweety Kapoor, Practising Company Secretary, served as scrutinizer for the voting process.
Strong shareholder alignment with management is evident given near-unanimous approval of all resolutions. The 200% final dividend signals healthy cash generation and shareholder reward, which should be viewed positively by income-focused investors. No contentious issues or dissent were reported, suggesting stable governance.