We herewith attach the proceedings of 39th AGM held on 22.08.2025.
KOVAI · price
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KMCH held its 39th AGM on 22 August 2025 at Brindhavan Auditorium, Coimbatore, chaired by Managing Director Dr. Nalla G Palaniswami. The meeting ran from 10:30 a.m. to 12:40 p.m. with 116 members present in person and 4 by proxy. Eight resolutions were put to vote, including adoption of financial statements, declaration of a dividend, re-appointment of Dr. Thavamani Devi Palaniswami as Joint Managing Director, re-appointment of the Cost Auditor, appointment of the Secretarial Auditor, approval to borrow beyond paid-up capital and free reserves, and approval to create charges on company assets. Both the Statutory Auditor and Secretarial Auditor gave unqualified (clean) reports for FY ended 31 March 2025. E-voting ran from 19 to 21 August 2025 with Mr. K. Duraisami appointed as Scrutinizer.
Shareholders will benefit from the declared dividend and can take comfort from clean audit reports. Special resolutions to expand borrowing limits and create charges on assets give the company more financial flexibility for future expansion, which could support growth but also increases leverage potential.