Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the Notice of 111th Annual General Meeting of the Company, which ....
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Mafatlal Industries has issued the notice for its 111th AGM to be held on Monday, August 4, 2025 at 3:30 PM via Video Conferencing/OAVM. Ordinary business items include adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, confirmation of interim dividend and declaration of final dividend on equity shares, and re-appointment of Executive Chairman Hrishikesh A. Mafatlal (DIN: 00009872) who retires by rotation. Special business includes ratification of remuneration of ₹4,75,000 (plus taxes) payable to Cost Auditors B. Desai & Co., appointment of Umesh Ved & Associates as Secretarial Auditor for five consecutive years at ₹75,000 (plus taxes), and approval for payment of up to ₹75 lakhs in aggregate as commission to Non-Executive Independent Directors for FY25. The cut-off date for e-voting and dividend eligibility is Friday, July 25, 2025, with remote e-voting open from August 1 (9:00 AM) to August 3 (5:00 PM).
Routine AGM business with no major corporate action; FY25 turnover grew to ₹2,845.30 crores (up from ₹2,142.22 crores) though EBITDA and PAT were marginally lower, suggesting flat margins. Shareholders should watch the final dividend declaration and the commission payout to independent directors, both of which require their approval at the AGM.