Igarashi Motors India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 08, 2025
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Igarashi Motors India held its 33rd Annual General Meeting on August 8, 2025, via video conferencing from 10:00 AM to 11:25 AM. A total of 81 members representing 2.37 crore shares (75.39% of total shareholding) participated, indicating strong shareholder engagement. Shareholders approved the audited financial statements for FY25 and a final dividend of Rs 2.50 per equity share for FY2024-25. Other key approvals included re-appointment of Mr. Hemant M Nerurkar (retiring by rotation), re-appointment of Independent Director Mr. L Ramkumar, appointment of Secretarial Auditor for five years (FY26–FY30), MD remuneration for Mr. R Chandrasekaran for two years starting October 2025, and material related party transactions with Japanese parent Igarashi Electric Works. The Chairman's speech covered global and Indian auto market trends, growth in actuator motors and sub-assemblies, diversification into non-automotive BLDC motors for ceiling fans, and ESG priorities, while the MD addressed shareholder queries on USA tariff impact, currency hedging, capex, and new product launches.
Routine AGM with all standard business and special resolutions approved. The Rs 2.50 dividend and visible strategic push into ceiling fan BLDC motors and sub-assemblies signal diversification efforts, which could support future revenue growth. Formal voting results are awaited within two working days.