GMM Pfaudler Limited has informed the Exchange about Shareholders meeting
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GMM Pfaudler has sent out the notice for its 62nd AGM scheduled for Friday, August 1, 2025, at 12:00 noon via video conferencing, along with the Annual Report for FY25. The board is proposing a final dividend of Rs. 2 per equity share (subject to AGM approval), with July 25, 2025 fixed as the record date to determine eligible shareholders. Key resolutions include the re-appointment of Mr. Tarak Patel as Managing Director (special resolution), appointment of new statutory auditors S R B C & CO LLP, and approval of related party transactions with wholly owned subsidiaries. The Annual Report highlights consolidated revenue of Rs. 3,199 crore in FY25 (up from Rs. 3,177 crore in FY24), with EBITDA of Rs. 381 crore and strong free cash flow of Rs. 318 crore, representing 80% conversion of EBITDA. The company completed its 'Project Shikhar' cost transformation program in India, closed its Hyderabad facility, and is in the process of closing its Leven, UK site by Q2 FY26, while expanding into a low-cost Poland manufacturing base.
Shareholders on record as of July 25, 2025 will be eligible for the proposed Rs. 2 per share dividend, and the re-appointment of Mr. Tarak Patel as Managing Director signals management continuity. The AGM is routine but includes important approvals like new statutory auditors and related party transactions that shareholders should review before voting.