Jindal Drilling And Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 28, 2025 at 3:00 P.M through VC/OAVM
JINDRILL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jindal Drilling and Industries Limited has notified the 41st AGM to be held on August 28, 2025 at 3:00 PM via video conferencing. Key items on the agenda include adoption of audited FY25 financial statements, declaration of a dividend of ₹1 per equity share (face value ₹5), re-appointment of promoter director Mr. Dharam Pal Jindal (above 75 years), re-appointment of Dr. Raj Kamal Aggarwal as Independent Director for another 5-year term from November 10, 2025, and appointment of M/s Ajit Mishra & Associates as Secretarial Auditors for FY 2025-26 to 2029-30 with remuneration of ₹1 lakh in the first year. Shareholders will also vote on continuing related party transactions with Maharashtra Seamless Limited for charter hire of the rig 'Jindal Explorer', aggregating up to USD 15.30 million plus ₹12 lakh in FY 2025-26 and tapering through FY 2028-29. The record date for dividend eligibility is August 14, 2025, with payment expected on or after August 30, 2025. Remote e-voting runs from August 24 to August 27, 2025.
The proposed ₹1 per share dividend marks a doubling from the ₹0.50 per share paid in each of the prior six years, which is a positive signal for income-focused shareholders. The remaining items are routine governance and operational matters, including a multi-year related-party rig charter with group company Maharashtra Seamless that supports ONGC contract execution.