Olectra Greentech Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 27, 2025
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Olectra Greentech has informed the exchanges about its 25th Annual General Meeting scheduled for Saturday, September 27, 2025 at 1:00 PM, to be held via video conferencing. The agenda includes adoption of audited financial statements for FY25, declaration of a final dividend of Rs. 0.40 per share (10% on face value of Rs. 4), and re-appointment of Mr. Peketi Rajesh Reddy as a director retiring by rotation. Shareholders will also be asked to approve the appointment of VCSR & Associates as secretarial auditors for five years, ratification of cost auditors' remuneration of Rs. 2 lakh, and regularisation of Mr. P V Krishna Reddy as a non-executive director. The board is seeking approval to appoint Mr. P. Rajesh Reddy as Whole-Time Director with an annual remuneration of Rs. 1.20 crore. Two separate resolutions seek shareholder approval for continuing material related party transactions with EVEY Trans Private Limited and Megha Engineering & Infrastructures Limited (MEIL). The record date is September 20, 2025 and the register of members will be closed from September 21 to 27, 2025.
Shareholders on record as of September 20, 2025 will be eligible for the Rs. 0.40 per share dividend. Investors should review the related party transaction resolutions with EVEY Trans and MEIL, as these involve promoter-group entities and could have governance implications. The AGM outcomes on director appointments and auditor ratifications are procedural but worth monitoring for any objections or dissent.