Mazagon Dock Shipbuilders Limited has submitted the Exchange a copy Srutinizers report of 92nd Annual General Meeting held on September 26, 2025. Further, the company has informed the Exchange regarding voting results.
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Mazagon Dock Shipbuilders (MAZDOCK) held its 92nd AGM on September 26, 2025, where all 13 resolutions were approved by shareholders. Key items included adoption of FY25 audited financial statements, confirmation of total dividends of ₹28.90 per share (₹23.19 first interim, ₹3 second interim, and ₹2.71 final), and appointment of statutory, secretarial, and cost auditors. Several board-level changes were also approved, including the appointment of Capt. Jagmohan (Retd.) as Chairman & Managing Director, Shri. Ruchir Agrawal as Director (Finance), Cmde. S B Jamgaonkar (Retd.) as Director (Submarine & Heavy Engineering), and Shri. Rajeev Prakash as Government Nominee Director. Three new Independent Directors were also appointed. Voting participation was about 88% of total shares, with promoters (holding ~84.9%) voting entirely in favor of all resolutions.
The strong shareholder approval (typically above 97-99% in favor) signals broad support for management's decisions, including the substantial dividend payout and leadership transitions. The appointment of a new CMD and functional directors may bring strategic shifts, but the high approval margins suggest smooth governance continuity with no visible dissent from institutional investors.