MOIL Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
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MOIL Limited held its 63rd Annual General Meeting on September 30, 2025, in hybrid mode (physical + video conference) at Radisson Blu Hotel, Nagpur, chaired by CMD Shri Ajit Kumar Saxena. Eleven resolutions were tabled, including adoption of the FY25 audited financial statements, declaration of a final dividend of Rs. 1.61 per equity share, continuation of appointment of several directors, and the appointment of M/s J.K. Das & Associates as Secretarial Auditor for FY26–FY30. The Statutory Auditor's report had no observations, though the Secretarial Audit Report flagged issues regarding the composition of the Board and its Committees. E-voting was open from September 26 to 29, 2025, with the scrutinizer's report due by October 3, 2025. Seven speaker shareholders raised questions during the Q&A, and the meeting concluded at 2:00 PM.
The proposed Rs. 1.61 per share final dividend is modestly positive for shareholders, pending e-voting results. The Board composition observations in the Secretarial Audit Report and continuation of multiple directorships are procedural items typical for a Government of India enterprise, with no material negative news for the stock.