Scrutinizer's Report and Voting Result of remote e-voting and e-voting (Insta Poll) for the 33rd Annual General Meeting held on Thursday, July 31, 2025 at 10:00 a.m. through video conferencing ('VC') / other audio visual means ('OAVM')
HERITGFOOD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Heritage Foods Limited held its 33rd Annual General Meeting on July 31, 2025 via video conferencing, and all 6 resolutions were passed with overwhelming shareholder support. Shareholders approved the audited financial statements for FY ended March 31, 2025 with 99.89% votes in favor. A final dividend of Rs. 2.50 per equity share (50% on face value of Rs. 5) was approved with nearly 100% approval. The re-appointment of a director retiring by rotation was passed with 99.60% support, and the appointment of the Secretarial Auditor was approved with 99.9999% approval. Two special resolutions were also passed: increasing the company's borrowing limit from Rs. 500 crore to Rs. 800 crore (99.74% in favor) and creation/modification of charges on company assets to secure those borrowings (99.75% in favor).
The doubling of the borrowing limit to Rs. 800 crore signals the company may be planning expansion or higher debt-funded investments. The final dividend of Rs. 2.50 per share rewards shareholders, while the strong approval across all resolutions shows no significant investor dissent.