Indo-National Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
NIPPOBATRY · price
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Indo-National Limited (NIPPOBATRY) held its 52nd AGM on September 26, 2025 via video conferencing from 3:00 PM to 3:50 PM. Out of 14,444 total shareholders, 56 attended through video conference. The statutory auditors' and secretarial audit reports for FY 2024-25 had no qualifications or adverse remarks. Shareholders approved a dividend of Rs.5 per share (100% on face value of Rs.5) for FY 2024-25, along with the re-appointment of Mr. P. Dwaraknath Reddy as Managing Director and Mr. P. Aditya Reddy as Joint Managing Director with remuneration. The meeting also approved related party transactions with M/s. Associated Electrical Agencies and M/s. Apex Agencies, appointment of M/s. M Damodaran & Associates LLP as Secretarial Auditors for five years (FY 2025-26 to 2029-30), and alteration of the Articles of Association. The voting results will be disclosed to stock exchanges within 48 hours.
The 100% dividend of Rs.5 per share is a positive signal for income-seeking shareholders, while clean audit reports strengthen confidence in the company's financial health. Re-appointments of the MD and JMD ensure leadership continuity, though the approval of related party transactions with Associated Electrical Agencies and Apex Agencies may warrant investor attention.