Mukand Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 08, 2025
MUKANDLTD · price
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Mukand Limited has announced its 87th Annual General Meeting scheduled for Friday, August 8, 2025, at 11:30 a.m. at Kamalnayan Bajaj Hall, Nariman Point, Mumbai. Key agenda items include adoption of audited financial statements for FY ending March 31, 2025, re-appointment of Shri Arvind Kulkarni as a director (retiring by rotation), and appointment of M/s. DHC & Co. as statutory auditors for a second 5-year term with fees not exceeding Rs. 75 lakh per year. The Board has recommended a dividend of Rs. 2 per equity share (20% on face value of Rs. 10) and 8% on 8% Cumulative Redeemable Preference Shares for FY25, with a record date of July 25, 2025 and payment by August 22, 2025. A special resolution also seeks shareholder approval to issue redeemable non-convertible debentures (NCDs) up to Rs. 500 crore on a private placement basis. Remote e-voting will be open from August 5 to August 7, 2025.
The Rs. 2 per share dividend offers a modest return to equity shareholders, while the proposed Rs. 500 crore NCD issuance may signal upcoming fundraising plans that could expand the company's debt profile. Shareholders should review the auditor re-appointments and the NCD resolution, as the latter gives the board broad borrowing authority on private placement terms.