KNR Constructions Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025
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KNR Constructions held its 30th AGM on September 25, 2025, via video conferencing, with 45 members present. Key items placed before shareholders included adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, which received an unqualified audit report from statutory auditors K P Rao & Co. A final dividend of Rs. 0.25 per equity share (on face value of Rs. 2) was recommended for FY2024-25. The meeting also considered re-appointment of K Narsimha Reddy as Managing Director and K Jalandhar Reddy as Executive Director via special resolutions, along with re-appointment of K Yashoda as Non-Executive Director (retiring by rotation). Additionally, the remuneration of statutory auditors was revised till FY27, and VCSR & Associates was appointed as Secretarial Auditor for a 5-year term. E-voting results are to be declared within two working days.
The dividend of Rs. 0.25 per share (modest payout of ~12.5% on face value) and clean audit report are mildly positive signals. Re-appointments of the Managing Director and Executive Director ensure leadership continuity, with no material negative surprises in the AGM agenda.