Ksb Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on May 15, 2025
KSB · price
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KSB Limited held its 65th AGM on May 15, 2025 via video conferencing, where shareholders considered five key items: adoption of audited standalone and consolidated financial statements for FY ended December 31, 2024, declaration of a 200% dividend on equity shares for FY2024, re-appointment of Dr. Matthias Schmitz (who retires by rotation), ratification of cost auditor remuneration for FY2025, and appointment of secretarial auditors. The company reported FY2024 turnover of INR 25,331 Million, reflecting 12.7% growth over 2023, and disclosed major capex of over INR 940 Million. Notable business wins include the first large export order of 8 nuclear pumps for a European nuclear power plant from parent KSB SE, and successful execution of a INR 404 Million order for 129 actuated valves for Hyundai Orlen, Poland. The company also highlighted ESG progress with 37% green energy usage in 2024, targeting over 70% in 2025, and achieved an 88% employee engagement score. Voting results are scheduled to be declared by May 17, 2025.
The 200% dividend declaration alongside 12.7% revenue growth signals strong financial performance and shareholder rewards. New export wins in nuclear pumps and ESG milestones reinforce growth prospects, though final voting outcomes on resolutions are awaited and should be monitored.