Notice of 26th Annual General Meeting and Annual Report for the financial year 2024-25
Awaiting price reaction for this filing.
HDFC Asset Management Company Limited has notified its 26th AGM to be held on Wednesday, June 25, 2025 at 3:00 PM via video conferencing. The key agenda items include adoption of audited standalone and consolidated financial statements for FY 2024-25, declaration of a final dividend of ₹90 per equity share (on face value of ₹5), re-appointment of Mr. Deepak S. Parekh (aged 80) as Non-Executive Non-Independent Director and Chairman via special resolution, and appointment of M/s. Makarand M. Joshi & Co as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30). The record date for dividend eligibility is Friday, June 6, 2025, and the e-voting cut-off date is Wednesday, June 18, 2025. Remote e-voting will be open from June 21 to June 24, 2025.
The ₹90 per share dividend (on a ₹5 face value) is a strong payout signal for shareholders. The re-appointment of Deepak S. Parekh ensures leadership continuity at India's largest mutual fund (AUM over ₹7.5 lakh crore). Routine procedural items; no negative signals for the stock.