KNR Constructions Limited has submitted the Exchange a copy of Srutinizers report of Annual General Meeting held on September 25, 2025 along with a copy of minutes.
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Awaiting price reaction for this filing.
KNR Constructions held its 30th AGM on September 25, 2025, and all 8 resolutions were passed with the requisite majority. Shareholders approved the audited financial statements for FY25 and a final dividend of Rs. 0.25 per equity share (face value Rs. 2.00) for FY2024-25. About 76.58% of total shares (215.37 million out of 281.23 million) were polled through e-voting. Routine items like auditor remuneration ratification and appointment of secretarial auditors passed with near-unanimous support. However, resolutions on director re-appointments saw meaningful dissent from public institutional investors — 19.29% voted against re-appointment of K Jalandhar Reddy as director (Resolution 3), while 27.64% opposed his re-appointment as Executive Director (Resolution 8) and 26.68% opposed K Narsimha Reddy's re-appointment as Managing Director (Resolution 7). Despite this, all resolutions passed comfortably overall.
This is a routine post-AGM compliance filing and is unlikely to move the stock price on its own. The modest Rs 0.25 dividend (yielding roughly 0.05% on the face value) reflects a token payout. Worth noting: public institutional investors showed notable dissent (20-28%) on executive director re-appointments, which is a mild governance signal but not enough to block any resolution.