GRP Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 25, 2025
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GRP Limited has issued the notice for its 51st Annual General Meeting (AGM) to be held on Friday, July 25, 2025 at 12:30 PM IST via video conferencing. Key business items include adopting audited standalone and consolidated financial statements for FY 2024-25 and declaring a dividend of Rs. 14.50 per equity share (face value Rs. 10). Shareholders will also vote on reappointing Hemal H. Gandhi as Executive Director (Aug 22, 2025 to Mar 31, 2028), appointing Rajendra V. Gandhi as Non-Executive Non-Independent Director with remuneration, and appointing Belur Krishna Murthy Sethuram as Non-Executive Independent Director for 5 years. The notice also seeks approval for appointing Yogesh D. Dabholkar & Co. as Secretarial Auditor for FY 2025-26 to 2029-30 and ratifying the Cost Auditor's remuneration of Rs. 2,75,000. The record date for dividend eligibility and e-voting is July 18, 2025, with remote e-voting open from July 22 to July 24, 2025.
Investors holding shares as of July 18, 2025 will be eligible for the proposed Rs. 14.50 per share dividend, payable within 30 days of the AGM. The board reappointments and new director inductions signal leadership continuity, while the dividend payout reflects ongoing returns to shareholders. Shareholders are encouraged to update PAN and bank details before the record date to avoid higher TDS deduction.