Havells India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 17, 2025. Further, the company has informed the Exchange regarding voting results along with copy of scrutinizers report together with copy of minutes.
HAVELLS · price
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Havells India held its 42nd AGM on June 17, 2025 via video conferencing, where all 9 resolutions were passed with requisite majority. Shareholders approved the adoption of audited financial statements for FY25, confirmed an interim dividend of Rs 4 per share, and declared a final dividend of Rs 6 per share, taking total dividend for FY25 to Rs 10 per equity share. Re-appointments of Chairman Anil Rai Gupta and Whole-time Director Siddhartha Pandit (for a 3-year term) were approved, along with the appointment of MZ & Associates as Secretarial Auditors for 5 years and the appointment of Abhinav Rai Gupta (a director's relative) to a position in the company. Voting turnout was strong, with about 91% of outstanding shares participating; the resolution for Anil Rai Gupta's re-appointment saw the highest dissent at around 4.13% of votes polled.
Routine AGM disclosures confirm stable governance and a total dividend of Rs 10 per share for FY25. The slightly elevated dissent on Anil Rai Gupta's re-appointment and the related-party appointment of a director's relative are minor points for shareholder attention but are not material concerns given the wide approval margins.