Manorama Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 28, 2025
MANORAMA · price
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Manorama Industries held its 20th AGM on August 28, 2025 via video conferencing, attended by 49 members and all 10 directors. Shareholders approved the audited financial statements for FY25, reappointment of Mrs. Vinita Saraf and Mr. Ashok Jain, and declared a final dividend of 30% (Rs. 0.60 per share) on a face value of Rs. 2. Other items approved include ratification of cost auditors' remuneration, appointment of new secretarial auditors for five years (FY26-FY30), and a material related party transaction. Management shared Q1 FY26 results showing 117% YoY revenue growth to INR 289.6 Crores, driven by strong global demand for specialty butters and fats. The company highlighted ongoing capex plans including a ~30% expansion of solvent fractionation capacity in H2 FY26, acquisition of ~20 acres of land adjacent to the Birkoni facility, and new projects in cocoa butter alternatives, palm mid-fraction manufacturing, and a factory in Burkina Faso.
The final dividend of Rs. 0.60 per share rewards shareholders, while the strong Q1 FY26 revenue growth of 117% YoY signals robust business momentum. Expansion plans and capacity additions point to continued growth, which is generally positive for stock sentiment, though the material related party transaction approval is a routine governance item that shareholders should review.