HEG Limited has informed the Exchange regarding Proceedings of 53rd Annual General Meeting held on August 20, 2025
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HEG Limited held its 53rd Annual General Meeting on August 20, 2025, via video conferencing, chaired by Ravi Jhunjhunwala (Chairman, MD & CEO). The meeting concluded at 1:34 PM after seven resolutions were put to vote, including adoption of FY2024-25 audited financial statements, declaration of a final dividend of Rs.1.80 per equity share (face value Rs.2) for FY2024-25, and re-appointment of Riju Jhunjhunwala and Shekhar Agarwal via retirement by rotation. Other items included continuation of Vinita Singhania as Non-Executive Director (she will turn 75 in FY2026-27), appointment of Secretarial Auditors, and ratification of Cost Auditor remuneration for FY ending March 2026. Two independent directors, Sandip Somany and Priya Shankar Dasgupta, were absent. Combined e-voting and AGM voting results will be announced within two working days on the company's website and stock exchanges.
The Rs.1.80 per share final dividend is a positive cash return for shareholders, though modest given the Rs.2 face value. All items appear routine; investors should watch for the voting results (due within 2 working days) for any dissent or surprises, but no major strategic announcements were made at this AGM.