Mastek Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 23, 2025
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Mastek Limited held its 43rd Annual General Meeting on September 23, 2025, via video conferencing, where all 6 resolutions were passed with the requisite majority. Shareholders approved the audited financial statements for FY ending March 31, 2025, with 99.9984% votes in favor. The total dividend of Rs. 23 per share for FY 2024-25 was confirmed, comprising an interim dividend of Rs. 7 and a final dividend of Rs. 16 per share, also approved with 99.9984% support. Mr. Ashank Desai was re-appointed as Non-Executive Director (95.37% in favor) and his continuation past age 75 was approved as a special resolution (99.18% in favor). Mr. Suresh Vaswani was re-appointed as Independent Director for a second three-year term starting December 11, 2025, though this saw notable dissent at 16.52% against, with public institutions voting 43.58% against. M/s. P. Mehta & Associates was appointed as Secretarial Auditor for a five-year term with 99.93% approval.
All AGM resolutions passed cleanly, confirming shareholder support for the board and the Rs. 23 per share dividend payout for FY25. The notable institutional dissent (43.58% against) on re-appointing Mr. Suresh Vaswani as Independent Director is worth monitoring but is unlikely to materially affect the stock in the short term.