Manorama Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 28, 2025
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Manorama Industries has called its 20th AGM for Thursday, August 28, 2025, at 4:00 PM via video conferencing. Shareholders will vote on adopting FY25 audited financials, declaring a final dividend of Rs. 0.60 per share (30% on face value of Rs. 2), re-appointing Whole-Time Director Mrs. Vinita Ashish Saraf (retiring by rotation), and re-appointing Mr. Ashok Jain as Whole-Time Director for 3 years (Nov 2025 to Nov 2028) at an annual remuneration of Rs. 48 lakh. Other items include ratifying cost auditor remuneration of Rs. 1 lakh for S N & Co, appointing B. R. Agrawal & Associates as secretarial auditor for 5 years (FY26–FY30), and approving a material related party transaction with Manorama Africa Limited for raw material purchases worth up to Rs. 500 crore. The record date for dividend and e-voting is August 21, 2025, with the remote e-voting window from August 25 to August 27, 2025, and dividend payment due on or before September 26, 2025.
The Rs. 0.60 per share dividend is a routine payout, subject to shareholder approval. The Rs. 500 crore related party transaction with Manorama Africa is a significant item requiring shareholder approval and may draw attention to governance. Director re-appointments are standard agenda items and should not materially impact the stock.