Mstc Limited has informed the Exchange regarding Proceedings of the 60th Annual General Meeting held on September 24, 2025
MSTCLTD · price
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MSTC Limited, a Government of India enterprise, held its 60th AGM on September 24, 2025, via video conferencing from 11:00 AM to 12:10 PM, with around 71 members attending virtually. Chairman & Managing Director Shri Manobendra Ghoshal addressed shareholders on the company's FY2024-25 performance, business environment, achievements, and future outlook. Nine resolutions were tabled, including adoption of audited financial statements for FY ended March 31, 2025, confirmation of three interim dividends totalling ₹40.50 per share (₹4.00 + ₹32.00 + ₹4.50) for FY2024-25, re-appointment of Shri Subrata Sarkar, and appointment of several directors including three Independent Directors. The Statutory Auditor's Report had no qualifications, though the Secretarial Audit report contained some observations which were already disclosed in the Directors' Report. Voting results from remote e-voting and AGM e-voting will be announced separately within the prescribed timeframe.
The disclosure is largely procedural, confirming the AGM was held and outlining routine agenda items. The interim dividend confirmation (₹40.50 per share for FY25) and board re-appointments are positive for governance continuity, but no new strategic or financial surprises were announced. Voting results, when declared, will be the next catalyst to watch.