Proceedings of 41st Annual General Meeting held on 29th September,2025.
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Gujarat Craft Industries held its 41st Annual General Meeting on 29th September 2025 via video conferencing, chaired by Mr. Rishab Chhajer, Chairman & Managing Director. The meeting began with a moment of silence in memory of founding promoter and former MD Shri Ashok Chhajer, who passed away on 6th July 2025. Shareholders approved the adoption of audited financial statements for FY ending 31st March 2025 and a final dividend of Re. 1 per equity share. The re-appointment of Mr. Rishab Chhajer as a director (retiring by rotation) and as CMD for another 3-year term (Feb 2026 to Feb 2029) were also approved. Additionally, M/s. Nishant Pandya & Associates were appointed as Secretarial Auditors for 5 years (FY 2025-26 to 2029-30), and Mr. Parth B. Thakkar was appointed as Non-Executive Independent Director for 5 years. The auditors had no qualifications in their reports. E-voting results will be declared within 2 working days.
The final dividend of Re. 1 per share is a modest return for shareholders, while the re-appointment of Rishab Chhajer as CMD signals leadership continuity after the founder's passing. The AGM was procedural with no negative surprises, which is generally neutral to mildly positive for the stock.