Hindustan Composites Limited has informed the Exchange regarding Proceedings of 61st Annual General Meeting held on September 25, 2025
HINDCOMPOS · price
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Hindustan Composites Limited held its 61st AGM on September 25, 2025 via video conferencing, from 11:45 AM to 12:16 PM, with 49 members attending. The members approved the adoption of standalone and consolidated audited financial statements for FY ended March 31, 2025. A dividend of 40% (Rs. 2 per share) on equity shares of Rs. 5 face value was declared. Mr. Vinay Sarin was re-appointed as a director retiring by rotation. Shareholders also approved commission to Independent Directors, a revision in remuneration for Managing Director Mr. P.K. Choudhary effective April 1, 2025, appointment of M/s. MR & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30), and ratification of Cost Auditors' remuneration for FY ending March 31, 2026. E-voting results are to be declared within 2 working days.
The Rs. 2 per share dividend is positive for shareholders. The hike in MD remuneration and long-term appointment of new Secretarial Auditors signal routine governance continuity, with no major disruptions or strategic shifts announced.