Indiamart Intermesh Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 16, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
INDIAMART · price
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Indiamart Intermesh held its 26th AGM on June 16, 2025 via video conferencing, where all six resolutions were passed with the required majority. Shareholders approved a total dividend of Rs. 50 per equity share for FY25, comprising a Rs. 30 final dividend and a Rs. 20 special dividend. Mr. Dhruv Prakash was re-appointed as a director liable to retire by rotation, Ms. Pallavi Dinodia Gupta was re-appointed as Independent Director for five years, and Mr. Sandeep Kumar Barasia was appointed as a new Independent Director for three years. E-voting saw about 85% participation from the 1,76,334 shareholders on record, with 41 shareholders attending the meeting virtually. The re-appointment of Ms. Pallavi Dinodia Gupta received relatively lower approval at 84.45%, primarily due to institutional investors voting 41% against the resolution.
Shareholders will receive Rs. 50 per share as total dividend for FY25, signalling strong cash returns. The relatively lower institutional support for Ms. Pallavi Dinodia Gupta's re-appointment (58.93% in favour from institutions) is worth noting but unlikely to materially affect stock price, as all resolutions were passed.