HPL Electric & Power Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 29, 2025. Further, the company has informed the Exchange regarding voting results.
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HPL Electric & Power Limited held its 33rd AGM on September 29, 2025 via Video Conferencing, where all 5 resolutions were passed with overwhelming shareholder support. Key items approved include the adoption of audited financial statements for FY25 (99.9998% in favor) and the declaration of a final dividend of Rs. 1.00 per equity share on a face value of Rs. 10 (99.9953% in favor). Mr. Gautam Seth (DIN: 00203405) was reappointed as a director retiring by rotation, with 99.8812% votes in favor (promoters had declared interest in this resolution). The remaining two resolutions — ratification of cost auditors' remuneration and appointment of the secretarial auditor — also passed with over 99.99% approval. Out of 1,41,792 total shareholders, 12 promoter group members and 137 public shareholders attended via VC, with roughly 73% of outstanding shares being voted.
Shareholders have approved a final dividend of Rs. 1 per share for FY25, which is a 10% dividend on face value. The smooth passage of all resolutions, including director reappointment, reflects strong management confidence and shareholder backing, with no contentious issues raised during voting.