We enclose herewith the proceedings of the 17th Annual General Meeting of the Company held today, viz. Tuesday, September 30, 2025 at 3:00 p.m. (IST) through VC/OAVM.
GULFOILLUB · price
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Gulf Oil Lubricants India held its 17th AGM on September 30, 2025, via video conferencing from 3:00 PM to 4:12 PM IST, attended by 52 members. Chairman Sanjay G. Hinduja, MD & CEO Ravi Shamlal Chawla, CFO Manish Kumar Gangwal, and all other directors were present. Shareholders approved several ordinary resolutions including the adoption of audited standalone and consolidated financial statements for FY 2024-25, declaration of final dividend on equity shares, and re-appointment of Sanjay G. Hinduja as Non-Executive Director. A special resolution was passed for the re-appointment of Munesh Narinder Khanna as Independent Director for a second term of five years. Other resolutions included re-appointment of Ravi Chawla as MD & CEO with fixed remuneration, appointment of Ravi & Subramanyam as Secretarial Auditor, and ratification of Cost Auditors' remuneration for FY 2025-26. E-voting results were to be declared by October 3, 2025.
The AGM proceedings confirm shareholder approval of routine governance items, including a final dividend for FY25 and leadership continuity with the re-appointment of the Chairman and MD & CEO. The final dividend amount and detailed e-voting results are yet to be announced, which may have a mild positive sentiment impact on the stock. No major strategic changes or unusual events were disclosed.