Godrej Agrovet Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 06, 2025. Further, the company has submitted the Exchange a copy of Scrutinizers report.
GODREJAGRO · price
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Godrej Agrovet held its 34th AGM on August 6, 2025 via video conferencing, chaired by Mr. Nadir B. Godrej. All 7 resolutions were passed with the requisite majority, including adoption of FY25 financial statements, declaration of a final dividend of Rs. 11 per share (110% on face value of Rs. 10), and re-appointment of Mr. Nadir Godrej and Ms. Tanya Dubash as directors liable to retire by rotation. Shareholders also approved the appointment of BNP & Associates as Secretarial Auditors for five years (FY26–FY30) and ratified the remuneration of Cost Auditors P.M. Nanabhoy & Co. An amendment to the Employees Stock Grant Scheme 2018 (ESGS 2018) was passed as a special resolution with 94.67% approval. All voting was conducted electronically through NSDL, with 468 members participating holding approximately 15.69 crore shares.
The Rs. 11 per share final dividend is a positive cash return for shareholders, supported by the company's 19% growth in PBT to Rs. 500 crore in FY25. The ESGS 2018 amendment may expand the pool or terms of stock grants for employees, which could have a mild dilution effect over time, though it received strong shareholder support.