GVP Infotech Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 18, 2025
GVPTECH · price
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GVP Infotech Limited has called its 13th Annual General Meeting for Friday, July 18, 2025 at 4:00 PM, to be held via video conferencing. Key agenda items include adoption of audited financial statements for FY ended March 31, 2025 and declaration of a final dividend of Rs. 0.15 (7.5%) per equity share of Rs. 2 face value. Shareholders will also vote on reappointment of Independent Directors Rajesh Ramnani and Prawincharan Prafulcharan Dwary for another 5-year term each. Other items include reappointment of Rajesh Thakur as Managing Director for 5 years with an increased salary of up to Rs. 6 lakh per annum (up from Rs. 1 lakh currently), appointment of M/s Chetan Patel & Associates as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30) at Rs. 3.16 lakh for FY 2026, and raising Non-Executive Director Dhaval Mistry's remuneration to Rs. 36 lakh per annum. Remote e-voting runs from July 15 to July 17, 2025, with the cut-off date set as July 11, 2025.
The declared dividend of Rs. 0.15 per share is modest for retail investors. Shareholders should review the significant jump in Managing Director and Non-Executive Director remuneration, along with director reappointments, and cast their votes via NSDL e-voting before July 17, 2025.