Indo Count Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 19, 2025
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Indo Count Industries held its 36th AGM on August 19, 2025, via video conferencing, with 60 shareholders attending (12 promoter group, 48 public). All 9 resolutions were passed with the requisite majority. Key outcomes include adoption of FY25 audited financial statements, declaration of a final dividend of Rs. 2 per equity share (on a face value of Rs. 2, implying 100% dividend), and re-appointments of directors including Mr. Anil Kumar Jain as Executive Chairman, Mr. Mohit Jain as Executive Vice Chairman, Mr. Kamal Mitra as Whole-time Director, and independent directors Mr. Akash Kagliwal and Mr. L. Viswanathan. About 71% of outstanding shares were polled (roughly 14.1 crore shares voted). While most resolutions secured over 99% support, the re-appointment of Mr. Anil Kumar Jain as Executive Chairman saw notable dissent at 8.3% against (91.7% in favor), with public institutions splitting nearly 52:48, and Mr. L. Viswanathan's re-appointment received about 4.4% dissent.
Shareholders have approved a Rs. 2 per share final dividend for FY25, and the leadership team and board have been re-appointed, signaling continuity in management. The relatively higher dissent on the Executive Chairman's re-appointment (especially from public institutions) is worth noting as it may reflect investor concern, though all resolutions comfortably passed.