Huhtamaki India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on May 08, 2025. Further, the company has submitted the Exchange a copy of Scrutinizers report.
HUHTAMAKI · price
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Huhtamaki India held its 75th AGM on May 08, 2025, via video conferencing from 2:30 p.m. to 4:22 p.m. Out of 36,894 shareholders on the cut-off date (May 01, 2025), 1 promoter group and 72 public shareholders attended through VC, and 20 speaker shareholders asked questions. Shareholders approved all 8 resolutions with overwhelming support, including adoption of FY2024 audited financials (99.96% in favour), declaration of a Rs. 2 per share dividend (100% on face value) for FY ended Dec 31, 2024 (99.98% in favour), and re-appointment of Mr. Dhananjay Salunkhe as Managing Director and Mr. Jagdish Agarwal as Whole-time Director, both for 3-year terms. BSR & Co. LLP was re-appointed as Statutory Auditors for a second 5-year term, BNP & Associates was appointed as Secretarial Auditors for 5 years, and the remuneration of Cost Auditors for FY 2025 was ratified.
Routine AGM outcome with all items passing comfortably. Shareholders can expect the Rs. 2 per share dividend to be paid as approved. Key leadership continuity is confirmed with the MD and Whole-time Director re-appointed, providing stability. No material negative signals from voting outcomes, as even the lowest approval (97.87% for director re-appointment by rotation) was overwhelmingly in favour.