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International Combustion (India) Limited held its 89th Annual General Meeting on 10th September 2025 via video conferencing. Six resolutions were put to vote through remote electronic voting and insta poll, and all were passed with the requisite majority. Key resolutions included adoption of standalone audited financial statements for FY ended 31 March 2025 and declaration of a 40% dividend (Rs. 4.00 per equity share), both approved with 99.99% votes in favour. Shareholders also approved the re-appointment of Mr. Rana Pratap Singh as a director (99.99% in favour), revision of his remuneration as Executive Director (99.73% in favour), approval of Cost Auditor's remuneration for FY 2024-25 (99.99% in favour), and appointment of Mr. Arup Kumar Roy as Secretarial Auditor for five years from FY 2025-26 (99.99% in favour). No invalid votes were recorded on any resolution.
Routine AGM business completed with overwhelming shareholder approval on all items. The Rs. 4 per share dividend (40%) is positive for shareholders seeking income, while the strong approval for director re-appointment and remuneration revision signals no governance concerns from the investor base. No material impact on stock price expected as these are standard procedural outcomes.