Minda Corporation Limited has informed the Exchange regarding 'Notice of 40th Annual General Meeting ( AGM )'
MINDACORP · price
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Minda Corporation Limited has notified the 40th Annual General Meeting scheduled for Friday, August 22, 2025, at 10:00 AM, to be held via video conferencing through the NSDL platform. The record date for dividend eligibility is August 14, 2025, with remote e-voting open from August 19 to August 21, 2025. Shareholders will vote on adopting FY25 audited financials, confirming the interim dividend of ₹0.50/share and approving a final dividend of ₹0.90/share (total ₹1.40/share, 70% for FY25), and re-appointing Mr. Naresh Kumar Modi as a director. Special business includes re-appointing Mr. Ashok Minda as Chairman & Group CEO (salary of ₹16.41 lakh/month plus commission of 2.5–3.5% of profits) for 3 years, re-appointing Mr. Aakash Minda and Mr. Naresh Kumar Modi as Executive Directors, appointing BMP & Co. LLP as Secretarial Auditors for 5 years, ratifying Cost Auditor remuneration, and approving loans/guarantees up to ₹50 crore to director-interested entities.
Routine AGM governance event, but contains several shareholder-relevant items: a final dividend of ₹0.90/share (subject to approval), key leadership continuity with the Minda family being re-appointed at the top, and approval for up to ₹50 crore in financial assistance to related entities. No negative signals; the agenda is largely administrative and expected.