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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Awaiting price reaction for this filing.
KEC International held its 20th AGM on August 8, 2025 via video conferencing, chaired by Mr. Harsh V. Goenka, with 55 members attending remotely. All 9 resolutions were passed with the requisite majority, including adoption of FY25 audited financial statements, declaration of a dividend of Rs. 5.50 per equity share, re-appointment of Mr. Vinayak Chatterjee as Director, appointment of Parikh Parekh & Associates as Secretarial Auditors, and ratification of Cost Auditor remuneration. Special resolutions covering material related party transactions with Al Sharif Group & KEC Limited Company (Saudi subsidiary), commission to the Non-Executive Chairman, enhancement of borrowing limits, and authority to create mortgage/charge on company properties were also approved. Roughly 85% of outstanding shares (about 22.6 crore shares) were polled through e-voting. The RPT resolution with Al Sharif Group saw notable dissent of 27.72%, since promoter shares (13.34 crore) were excluded from voting on this related-party item.
This is a routine AGM disclosure with all resolutions passing — no negative governance surprises. The Rs. 5.50 dividend is confirmed and the higher-than-usual dissent on the Al Sharif RPT is worth monitoring but not material. The stock is unlikely to see a meaningful reaction from this filing.