Ircon International Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 18, 2025
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Ircon International Limited has convened its 49th Annual General Meeting on Thursday, September 18, 2025 at 12:30 PM, to be held through Video Conferencing (VC/OAVM). The agenda includes adoption of audited standalone and consolidated financial statements for FY 2024-25, confirmation of an interim dividend of Rs. 1.65 per share already paid, and declaration of a final dividend of Rs. 1.00 per share (total Rs. 2.65/share, or 132.5% on face value of Rs. 2). Shareholders will also vote on appointing four new directors, ratifying the cost auditor (M/s Bandyopadhyaya Bhaumik & Co.), appointing M/s VAP & Associates as secretarial auditor for five years (FY 2025-26 to FY 2029-30), and a special resolution to raise the company's borrowing limit to Rs. 15,000 Crores. The record date for dividend eligibility is September 11, 2025, and final dividend payment will begin from October 1, 2025. E-voting opens on September 15, 2025 and closes on September 17, 2025.
Shareholders will receive a total dividend of Rs. 2.65 per share for FY25, with the final Rs. 1.00/share payable from October 1, 2025. The proposed increase in borrowing limit to Rs. 15,000 Crores signals potential debt-funded expansion, while the board reshuffle (including a new Independent Director and Director-Works) indicates ongoing governance refresh typical of government-owned companies.