Summary of the Proceedings of 22nd Annual General Meeting.
KPRMILL · price
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K.P.R. Mill Limited held its 22nd AGM on July 30, 2025 at 2:30 PM via video conferencing, with 65 members in attendance. All directors, including the Chairman K.P. Ramasamy, two Managing Directors, and multiple Independent Directors, were present along with the Statutory Auditors (BSR & Co LLP) and Secretarial Auditor. Key business included adoption of FY25 audited financial statements, declaration of a 250% dividend (Rs. 2.50 per share on face value of Re. 1), and re-appointment of retiring director Mr. P. Selvakumar. Special business included ratification of Cost Auditor remuneration at Rs. 50,000 plus GST, re-appointment of two Executive Directors, appointment of a new Secretarial Auditor, and continuation of two Independent Directors beyond age 75. The auditors' reports contained no qualifications, and voting results are to be declared within the stipulated timeframe on the company, BSE, NSE, and NSDL websites.
The 250% dividend (Rs. 2.50/share) is a positive signal for shareholders, reflecting strong financial performance. Smooth AGM proceedings with no audit qualifications reinforce management credibility, while re-appointments of key directors and auditors indicate continuity. Voting outcomes and detailed resolutions will be confirmed in the scrutinizer's report.