Greaves Cotton Limited has informed the Exchange about Copy of Newspaper Publication 2025 regarding the Notice of Postal Ballot and in terms of Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
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Greaves Cotton has informed the stock exchanges that it has published a newspaper advertisement regarding a Postal Ballot Notice, as required under SEBI Listing Regulations. The Postal Ballot Notice, dispatched electronically to members on June 4, 2025, seeks approval through remote e-voting for four key items: (i) approval of audited financial statements for the year ended March 2025, (ii) declaration of a dividend of Rs. 4.05 per equity share (400.60%) for FY 2024-25, (iii) appointment of M/s. B S R & Co. LLP as Statutory Auditors for five years from FY 2025-30, and (iv) the appointment of Mr. Parag Satpute (DIN: 06872200) as Managing Director & Group CEO for five years (April 2025 to April 2030), subject to Central Government approval. E-voting begins June 5, 2025 and ends July 4, 2025, with results expected by July 7, 2025. The advertisement appeared in Business Standard (English, all editions) and Loksatta (Marathi, Aurangabad edition) on June 5, 2025.
Shareholders should note the proposed dividend of Rs. 4.05 per share and the leadership change with Mr. Parag Satpute's appointment as MD & Group CEO pending Central Government clearance. The e-voting window is now open, giving investors a direct say on these corporate actions.