Olectra Greentech Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 27, 2025
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Olectra Greentech held its 25th AGM on September 27, 2025 via video conferencing, attended by 141 members and chaired by Mr. P. V. Krishna Reddy. The meeting lasted about 1 hour 45 minutes, including 15 minutes for e-voting, with results to be announced within two working days. Key business items included adoption of FY25 audited financial statements, declaration of a final dividend of Rs. 0.40 per share (10%) on a face value of Rs. 4, and re-appointment of Mr. Peketi Rajesh Reddy as a director. Shareholders also voted on related party transactions with EVEY Trans and Megha Engineering & Infrastructures (MEIL), and the appointment of Mr. Rajesh Reddy as Whole-Time Director. Shareholders raised questions on topics including bonus shares, stock split, the Greenfield EV manufacturing facility, US tariff impact, and expansion into battery manufacturing and passenger vehicles.
The Rs. 0.40 per share final dividend confirms a modest payout to shareholders for FY25. Approval of related party transactions with MEIL and EVEY Trans is significant given these are key group/associate entities, and the e-voting results due within two days could move the stock if any resolution is rejected.