Greenlam Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 31, 2025
GREENLAM · price
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Greenlam Industries held its 12th AGM on July 31, 2025 via video conferencing, attended by 82 members along with all directors, KMPs, statutory auditors, secretarial auditors and the scrutinizer. Shareholders considered the audited standalone and consolidated financial statements for FY ended March 31, 2025, and both the statutory and secretarial auditors' reports contained no qualifications or adverse remarks. A final dividend of Re. 0.40 per equity share (on a Re. 1 face value) for FY25 was recommended, translating to a 40% dividend on face value. Members also approved the re-appointment of Non-Executive Chairman Shiv Prakash Mittal (retiring by rotation), the re-appointment of Independent Director Matangi Gowrishankar for a second 5-year term, and the appointment of Secretarial Auditors for 5 consecutive years from FY 2025-26. Detailed voting results and the scrutinizer's report will be filed separately with the exchanges.
The clean audit reports and continuity in board leadership are positive signals for shareholders, while the modest final dividend of Re. 0.40 per share (40% on face value) is a routine payout. No material new business developments were disclosed at this AGM.