Heritage Foods Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 31, 2025
HERITGFOOD · price
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Heritage Foods has notified the 33rd AGM scheduled for Thursday, July 31, 2025 at 10:00 AM via video conferencing. The Board has recommended a final dividend of ₹2.50 per equity share (50% on face value of ₹5) for FY ending March 31, 2025, subject to shareholder approval, with payment on August 7, 2025. The register of members will be closed from July 24 to July 31, 2025, with July 23 set as the cut-off date for e-voting. Key business items include seeking shareholder approval to raise the borrowing limit under Section 180(1)(c) to ₹800 Crores (superseding the 2014 limit), authorisation to create charges on assets up to ₹800 Crores, and appointment of M/s. Ravi & Subramanyam as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30). Mrs. N Brahmani (DIN: 02338940), Executive Director, will also be re-appointed via rotation.
Shareholders can expect a ₹2.50 per share dividend if approved, with record date falling within the book closure window. The proposed increase in borrowing limit to ₹800 Crores signals potential expansion or capex plans ahead, though it also raises debt capacity. The AGM agenda is largely routine apart from the higher borrowing ceiling, which is the most consequential item requiring special resolution approval.