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The Board of Directors of Grovy India Ltd, at its meeting on 4 September 2025, approved the Director's Report and Annual Report for FY ended 31 March 2025, and fixed the 40th AGM on Monday, 29 September 2025 at 12:30 PM via video conferencing. The Board recommended a final dividend of Rs 0.10 per equity share (1%) for FY 2024-25, subject to shareholder approval, with the record date set as 23 September 2025. The Register of Members and Share Transfer Books will be closed from 24 September 2025 to 29 September 2025 (both days inclusive) for AGM and dividend purposes. The Board re-appointed M/s Ajay Rattan & Company as Statutory Auditors and appointed M/s APMG & Associates as Secretarial Auditors, both for a 5-year term, and re-appointed Mr. Jay Nandan Jha as Non-Executive Independent Director. The Board also approved an alteration to the Object Clause of the Memorandum of Association to broaden the company's permitted business activities into areas like investment & finance, IT products & software, manufacturing, consulting, and engineering, and approved transfer of unclaimed dividend for FY 2017-18 to the IEPF.
Shareholders will receive a modest final dividend of Rs 0.10 per share; shares will move into book-closure from 24-29 September 2025, making them non-tradable during that window. The MOA amendment is the most strategically significant item, as it opens the door for the company to venture into new businesses such as finance, IT, and manufacturing, which could shape future growth direction pending shareholder approval at the AGM.