OCCL Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 28, 2025
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OCCL Limited held its 3rd Annual General Meeting on July 28, 2025, via video conferencing, running from 11:00 a.m. to 11:49 a.m. IST. Chairman and Managing Director Arvind Goenka chaired the meeting, with all directors present except Independent Director Nitin Kaul. Seven resolutions were put to e-vote, including adoption of FY25 audited financial statements, declaration of a final dividend for FY ending March 31, 2025, re-appointment of Mr. Goenka (retiring by rotation), ratification of Cost Auditor's remuneration, appointment of the Secretarial Auditor, alteration of the Object Clause of the Memorandum of Association (special resolution), and approval of remuneration to Non-Executive Directors (special resolution). Both the Statutory Auditor's and Secretarial Auditor's reports had no qualifications or adverse remarks. Remote e-voting was open from July 25 to July 27, 2025, and consolidated voting results were to be declared within 48 hours of the meeting's conclusion.
The declaration of a final dividend is a positive signal for shareholders. The special resolutions on altering the Objects Clause and approving Non-Executive Director remuneration suggest changes in business scope and governance pay. Investors should watch for the voting results, expected within 48 hours, which will confirm shareholder approval on each item.