Mukand Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 08, 2025
MUKANDLTD · price
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Mukand Limited held its 87th Annual General Meeting on August 8, 2025, at 11:30 a.m. in Mumbai, chaired by Niraj Bajaj, Chairman & Managing Director. 104 individual members attended, along with representatives of 15 body corporates holding about 9.4 crore shares. Key items approved or considered included: adoption of audited standalone and consolidated financial statements for FY25, declaration of Rs.2 per equity share dividend for FY25, 8% dividend on Cumulative Redeemable Preference Shares, re-appointment of Director Arvind Kulkarni (retiring by rotation), and re-appointment of M/s. DHC & Co. as Statutory Auditors. Two special resolutions were also tabled — appointment of Secretarial Auditors and approval to issue Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. Eight shareholder speakers raised queries on financial and operational performance, which were addressed by the Chairman. Voting was conducted electronically via KFin Technologies, and results will be submitted separately.
Equity shareholders will receive a Rs.2 per share dividend for FY25, subject to the stated record/book closure dates. The approval to privately place Redeemable NCDs gives the company flexibility to raise additional debt funding, which could affect future leverage or capital expansion plans. Overall, these are largely routine AGM outcomes with no major red flags.