Outcome of Board Meeting held on Wednesday, July 30, 2025.
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Awaiting price reaction for this filing.
The Board approved convening the 42nd Annual General Meeting on Monday, September 1, 2025, and fixed the cut-off/record date for the AGM and final dividend for FY ended March 31, 2025. It approved the Draft Directors' Report, Management Discussion and Analysis, Corporate Governance Report, Annual Financial Statements, and AGM Notice for FY 2024-25. The Board appointed M/s. NKJ & Associates as Cost Auditor for FY 2025-26 and Ms. Kala Agarwal as Secretarial Auditor for five consecutive years (FY 2025-26 to FY 2029-30), both subject to shareholder approval. It also approved an increase in the remuneration limit of Managing Director Mr. Nitin Kedia and Executive Director Mr. Nirmal Kedia, subject to shareholder approval.
Mostly routine annual governance items ahead of the AGM. The proposed pay hike for the promoter-family Managing Director and Executive Director is the only item that may draw attention or require closer scrutiny from shareholders when they vote on it.