H.G. Infra Engineering Limited has informed the Exchange about Shareholders meeting
HGINFRA · price
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H.G. Infra Engineering Limited held its 23rd AGM on August 19, 2025, via video conferencing, and all 7 resolutions were passed with the required majority. Shareholders approved the audited financial statements for FY ending March 31, 2025, and declared a final dividend of Rs. 2 per equity share (on Rs. 10 face value). Mr. Harendra Singh (CMD) was re-appointed as director via rotation, and Mr. Devendra Bhushan Gupta (former Chief Secretary of Rajasthan) was appointed as Whole-Time Director for 3 years effective June 1, 2025, via special resolution. M/s. Shridhar & Associates were re-appointed as Joint Statutory Auditors for 5 years (FY 2025-26 to 2029-30), and M/s. Deepak Arora & Associates were appointed as Secretarial Auditors for a similar 5-year term. About 83% of outstanding shares (5.41 crore out of 6.52 crore shares) were voted, with every resolution receiving over 99% support, except the director rotation resolution which got 99.17% support.
Shareholders will receive a Rs. 2 final dividend per share for FY25, with strong approval signals across all resolutions indicating broad shareholder confidence in management. The addition of a senior former bureaucrat (ex-Chief Secretary of Rajasthan) as Whole-Time Director could bring governance and infrastructure policy expertise, potentially positive for the company's road and highway construction business.