Maharashtra Seamless Limited has informed the Exchange about Shareholders meeting
MAHSEAMLES · price
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Maharashtra Seamless Limited held its 37th AGM on 28th August 2025 via video conferencing, where all six resolutions were passed. Shareholders approved the audited financial statements for FY25, and declared a dividend of Rs. 10 per equity share on a Rs. 5 face value (200% dividend). Re-appointment of Mr. Dharam Pal Jindal as Director and appointment of Mrs. Dipika Agarwal as Independent Director were also approved. Approximately 106.1 million votes were polled out of 134 million total shares, representing about 79% turnout. The dividend resolution and Independent Director appointment received near-unanimous support, while the audited financial statements resolution and director re-appointment saw notable dissent (around 11-12%) largely from public institutional shareholders.
Shareholders benefit from a generous Rs. 10 per share dividend (200% on face value), signaling strong financial performance for FY25. The comfortable passage of all resolutions, including the new Independent Director appointment, indicates smooth corporate governance with no significant shareholder rebellion on key matters.