Murudeshwar Ceramics Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 25, 2025
MURUDCERA · price
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Murudeshwar Ceramics Limited has notified the exchanges about its 42nd Annual General Meeting scheduled for Monday, August 25, 2025 at 3:00 PM, to be held at Hotel Naveen, Unkal Lake, Hubballi, Karnataka. The company has proposed a dividend of Rs. 0.50 per equity share (face value Rs. 10) for FY 2024-25, with Thursday, August 14, 2025 fixed as the record/cut-off date. Key resolutions include re-appointment of Shri Satish Rama Shetty as Chairman & Managing Director for a fresh 5-year term (June 26, 2025 to June 25, 2030) with a monthly basic salary of Rs. 10 lakhs plus perquisites, appointment of CS Shivappa Athani as Secretarial Auditor for FY 2025-26 to 2029-30, and shareholder approvals for overall borrowing/investment/loan limits of up to Rs. 500 Crore each under Sections 180, 185 and 186 of the Companies Act. A material related party transaction of up to Rs. 100 Crore with RNS Infrastructure Limited for FY 2025-26 is also on the agenda. The register of members will remain closed from August 18 to August 25, 2025, with remote e-voting window open from August 22 (9:00 AM) to August 24 (5:00 PM).
Shareholders on record as of August 14, 2025 are eligible to vote on all resolutions and receive the Rs. 0.50 per share dividend, subject to AGM approval. The proposed Rs. 500 Crore limits on borrowings, investments and inter-corporate loans, along with the Rs. 100 Crore RPT with RNS Infrastructure, materially expand the Board's financial flexibility but will require shareholder nod. Approval of these resolutions is largely procedural and expected to pass given the promoter-group's substantial holding.