Happy Forgings Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 29, 2025
HAPPYFORGE · price
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Happy Forgings Limited held its 46th AGM on July 29, 2025, via video conferencing, chaired by Mr. Paritosh Kumar (Chairman and Managing Director). The meeting lasted about 73 minutes (11:30 AM to 12:43 PM), with e-voting open for 30 minutes after the meeting concluded. Eight resolutions were put to vote, including adoption of FY25 standalone and consolidated financial statements, declaration of a final dividend of Rs 3 per equity share for FY25, re-appointment of Ms. Megha Garg as Whole-time Director, re-appointment of SR Batliboi & Co LLP as Statutory Auditors for 5 years, and appointment of Chandrasekaran Associates as Secretarial Auditors for 5 years. The Managing Director highlighted the company's resilient performance, strategic investments, strong financials, and ESG progress. Statutory and Secretarial Auditors gave unqualified opinions, and all directors were present except Mr. Atul B. Lall who was granted leave of absence.
The Rs 3 per share final dividend confirms a modest payout to shareholders, while the auditor and director re-appointments signal business continuity. Voting results are still awaited and will be disclosed separately, which could affect short-term sentiment if outcomes differ from expectations.