Marine Electricals (India) Limited has submitted the Exchange a copy Srutinizers report of undefined held on September 29, 2025
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Marine Electricals (India) Limited held its 18th Annual General Meeting on September 29, 2025 via video conferencing, where all 6 resolutions were passed with overwhelming shareholder support. Key items approved include adoption of the audited standalone and consolidated financial statements for FY ended March 31, 2025, declaration of a final dividend of Rs 0.30 per equity share for FY2024-25, and re-appointment of Mrs. Tanuja Pudhierkar as Director (retiring by rotation). Shareholders also approved the appointment of M/s. R. Bhandari & Co. as Secretarial Auditor and revisions in remuneration for Chairman Mr. Vinay Uchil and Managing Director Mr. Venkatesh Uchil. Total voting participation was about 70.02% of outstanding shares, with over 99.99% of votes cast in favor of each resolution. The scrutinizer's report was issued by Jigarkumar Gandhi of JNG & Co. LLP.
The near-unanimous approval across all resolutions signals stable governance continuity and minimal shareholder dissent. Confirmed final dividend of Rs 0.30 per share is positive for retail shareholders, while approved executive remuneration hikes for both the Chairman and MD are routine but worth noting for governance scrutiny.