Maruti Suzuki India Limited has informed the Exchange about Shareholders meeting
MARUTI · price
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Maruti Suzuki has called its 44th Annual General Meeting on 28th August 2025 at 10:00 AM via video conferencing. Key items on the agenda include adoption of audited financial statements for FY25, declaration of a dividend of INR 135 per equity share, and re-appointment of two directors (Mr. Kenichi Ayukawa and Mr. Kenichiro Toyofuku) retiring by rotation. The company proposes appointing Price Waterhouse (PW) as statutory auditor for 5 years (already serving from 12 May 2025 after Deloitte Haskins & Sells resigned) at a fee of INR 27 million for FY26, and RMG & Associates as secretarial auditor for 5 years at INR 0.3 million. A significant special resolution seeks to expand the company's objects clause to enter new businesses including drones/UAVs, used vehicles, EV charging, carbon credit trading, end-of-life vehicle recycling, fleet/mobility services, and alternative fuels like CBG and hydrogen. The record date for dividend eligibility is 1st August 2025, with payment on or after 3rd September 2025.
Shareholders will receive a dividend of INR 135 per share (subject to AGM approval), with record date already passed on 1 August 2025. The proposed expansion into drones, used vehicles, carbon credits, and EV infrastructure signals Maruti's strategic diversification beyond traditional car manufacturing, which could open new long-term revenue streams though these businesses will take time to scale. Auditor change from Deloitte to Price Waterhouse is a notable governance shift but was already in effect.