KEC International Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 08, 2025 along with copy of Scrutinizer's report and voting results.
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KEC International Limited held its 20th AGM on August 8, 2025, via video conferencing, chaired by Mr. Harsh V. Goenka, with 55 members in attendance. Shareholders approved all 9 resolutions, including adoption of FY25 financial statements, declaration of a dividend of Rs. 5.50 per equity share, re-appointment of Mr. Vinayak Chatterjee as Director, and appointment of secretarial auditors. Special resolutions on payment of commission to the Non-Executive Chairman, enhancement of borrowing limits, and creation of mortgage/charge on company properties were also passed with over 99% approval. A material related party transaction with Al Sharif Group & KEC Limited Company (a subsidiary) was approved with 72.28% in favour. Overall voting participation was strong, with about 85% of total shares being voted on most resolutions.
Routine procedural filing confirming shareholder approval of the dividend (Rs. 5.50 per share) and management resolutions; the high approval margin on most items signals smooth governance, while the relatively higher dissent (27.72%) on the related party transaction with the Saudi subsidiary is worth noting for investors monitoring conflict-of-interest concerns.