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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
International Combustion (India) Limited held its 89th AGM on 10 September 2025 through video conferencing, with 67 members attending besides the Board and KMPs. Shareholders approved all six resolutions with overwhelming majority, each crossing 99% votes in favour. Key items included adoption of the FY25 audited financial statements, declaration of a dividend of Rs. 400 per equity share (on Rs. 10 face value) payable from 24 September 2025, reappointment of Mr. Rana Pratap Singh as Director, revision in his remuneration as Executive Director effective 1 May 2025 till 30 April 2026, approval of Cost Auditor's fee of Rs. 90,000 plus GST, and appointment of Mr. Arup Kumar Roy as Secretarial Auditor for five consecutive financial years (FY26 to FY30) at Rs. 15,000 per annum plus GST.
This is a routine governance filing confirming shareholder approval at the AGM, with no governance red flags as all resolutions passed with near-unanimous support. The Rs. 400 dividend on a Rs. 10 face share signals a very large cash distribution, which may appeal to income-focused retail investors and reflect limited internal reinvestment plans.