OUTCOME OF THE AGM HELD ON 17.9.2025
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Indobell Insulations Limited held its 53rd Annual General Meeting on September 17, 2025, via video conferencing from 11:30 AM to 12:05 PM, with the registered office in Kolkata as the deemed venue. Chairman & Managing Director Mr. Vijay Burman chaired the meeting, with all directors present except Independent Director Mr. Sudeep Sanyal, who was unable to attend due to a court matter. Four ordinary business resolutions were tabled: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) declaration of dividend on equity shares, (3) re-appointment of Ms. Megha Burman as a Director retiring by rotation, and (4) appointment of Statutory Auditors and fixing their remuneration. The auditors' report carried no qualifications, modified opinions, or adverse remarks. Remote e-voting was conducted from September 14 to September 16, 2025, and voting results along with the scrutinizer's report will be filed separately with BSE.
The proposal to declare a dividend is a positive signal for shareholders awaiting payout confirmation once voting results are declared. The clean, unqualified audit report and routine agenda items suggest stable governance with no material concerns raised at the AGM.