Hi-Tech Pipes Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 27, 2025
HITECH · price
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Hi-Tech Pipes Limited held its 41st Annual General Meeting on September 27, 2025, via video conferencing, with 182 members in attendance. The Chairman, Mr. Ajay Kumar Bansal, stated that the company is showing strong growth and is well-positioned for future success. A final dividend of Rs. 0.025 (2.5%) per equity share of Re. 1 each was recommended for shareholder approval. Members were asked to approve the audited standalone and consolidated financial statements for FY ended March 31, 2025, the re-appointment of Mr. Anish Bansal as Whole-Time Director, the ratification of cost auditors' remuneration, and the appointment of M/s NSP & Associates as Secretarial Auditors for FY 2025-26 to 2029-30. E-voting results are pending and will be shared with the exchanges in due course.
The proposed dividend is small (Rs. 0.025 per share) but signals stable cash flow. Appointment of a new secretarial auditor for a 5-year term and re-appointment of a Whole-Time Director are routine corporate governance items. E-voting results will be the next catalyst to watch.