Hindustan Composites Limited has submitted the Exchange a copy Srutinizers report of 61st Annual General Meeting held on September 25, 2025. Further, the company has informed the Exchange regarding voting results.
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Hindustan Composites Limited has disclosed the voting results of its 61st Annual General Meeting held on September 25, 2025, conducted via video conferencing. All seven resolutions were passed with overwhelming majority, with about 75.03% of outstanding shares polled and over 99.99% of valid votes cast in favor of each resolution. Key items approved include the adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, declaration of a dividend of Rs. 2 per equity share (40% on face value of Rs. 5), re-appointment of Mr. Vinay Sarin as director, payment of commission to independent directors, revision in MD remuneration for Mr. P. K. Choudhary w.e.f. 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. Out of 15,432 shareholders on record date, 49 attended the AGM through VC (13 promoter group, 36 public), and the promoter group (holding 11,073,060 shares) voted 100% in favor of all resolutions.
Strong shareholder support across all resolutions signals stability and no governance concerns. The confirmed Rs. 2 per share dividend represents a positive cash return for shareholders, while the increased MD remuneration and new auditor appointments are routine governance matters with no material red flags for retail investors.