Graphite India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 01, 2025
GRAPHITE · price
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Graphite India has sent out the notice for its 50th AGM to be held on Friday, August 1, 2025 at 10:45 AM through video conferencing. Key items on the agenda include adopting audited financial statements for FY25, declaring a dividend of Rs. 11 per equity share (on face value of Rs. 2), and re-appointing Mr. A V Lodha as director. The notice also seeks shareholder approval to appoint Mr. Debanjan Mandal as Independent Director for 5 years, pay Rs. 2.30 Crore commission to Non-Executive Chairman Mr. K.K. Bangur, appoint a new Secretarial Auditor, and authorize the Board to issue secured or unsecured debentures/bonds up to Rs. 5,000 Crore through private placement. The record date for the dividend is July 17, 2025, with payment expected by August 14, 2025. Remote e-voting will be open from July 29 to July 31, 2025, with a cut-off date of July 25, 2025.
Shareholders on the record date of July 17, 2025 will be eligible for the Rs. 11 per share dividend. The Rs. 5,000 Crore debenture authorization is a significant capital-raising proposal that could increase the company's debt levels. The high commission to the non-executive chairman and the director reappointments are standard items but worth noting for governance-conscious investors.