GVP Infotech Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 18, 2025
GVPTECH · price
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GVP Infotech Limited held its 13th Annual General Meeting on July 18, 2025, through video conferencing, starting at 4:00 PM and concluding at 4:28 PM. The Board recommended a dividend of Rs. 0.15 (7.5%) per equity share of face value Rs. 2 for the financial year ended March 31, 2025. Shareholders considered nine resolutions, including adoption of audited financial statements, appointment of the Secretarial Auditor, and re-appointments of two Independent Directors (Rajesh Ramnani and Prawincharan Prafulcharan Dwary) and Managing Director Rajesh Thakur, along with remuneration approval for Non-Executive Director Dhaval Mistry. A casual vacancy arising from the resignation of Director Veena Pani Choudhary will be filled by Ramchandra Dallaram Choudhary. Eight members spoke during the meeting, and the combined e-voting results will be announced within two working days.
The 7.5% dividend is a modest but positive return for shareholders, while the resignation and replacement of a director, along with multiple board re-appointments, indicate some governance churn. The pending voting results, expected within two days, may drive short-term stock movement.