Mawana Sugars Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 28, 2025
MAWANASUG · price
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Mawana Sugars Limited held its 61st Annual General Meeting on June 28, 2025, from 11:00 AM to 11:55 AM via video conferencing. A total of 159 members attended the meeting, which was chaired by Independent Director Ms. Anuradha Dutt. Six resolutions were voted on, including approval of audited financial statements for FY ended March 31, 2025, declaration of a final dividend of Rs.1 per equity share (face value Rs.10) alongside an interim dividend of Rs.3 per share already paid, re-appointment of Mr. Krishna Shriram as Director, ratification of Cost Auditor remuneration, appointment of Secretarial Auditors for five years (FY 2025-26 to 2029-30), and approval of Managing Director Mr. Rakesh Kumar Gangwar's remuneration for one year starting August 13, 2025. Voting results are to be declared within two working days.
The final dividend of Rs.1 per share adds to the Rs.3 interim dividend already paid for FY25, signalling cash distribution to shareholders. Approval of MD remuneration and auditor appointments are routine governance items with no negative indications for shareholders.