Heranba Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2025
HERANBA · price
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Heranba Industries held its 33rd AGM on September 24, 2025, via video conferencing, with 67 shareholders present. The meeting lasted about 22 minutes (3:00 PM to 3:22 PM) and was chaired by Mr. Sadashiv Kanyana Shetty, with all directors, the CFO, and the Company Secretary in attendance. Nine resolutions were taken up, including the adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and the declaration of a final dividend of Re. 1 per equity share (10% on face value of Rs. 10). Two Whole Time Directors — Raunak R. Shetty and Shriraj S. Shetty — were re-appointed via ordinary resolutions. Special business included ratification of Cost Auditors' remuneration, appointment of a Secretarial Auditor, and special resolutions approving limits for loans/investments under Sections 186 and 185 of the Companies Act, as well as material related party transactions. The Statutory Auditor and Secretarial Auditor reports contained no qualifications or adverse remarks. E-voting results were to be announced within two working days.
The final dividend of Re. 1 per share is now formally confirmed for eligible shareholders, and clean audit reports provide reassurance on the company's financial health. Approval of related party transactions and borrowing/investment limits gives the board greater operational flexibility going forward.