Omax Autos Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 29, 2025
OMAXAUTO · price
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Awaiting price reaction for this filing.
Omax Autos Limited has issued the notice for its 42nd Annual General Meeting, scheduled for Friday, August 29, 2025 at 11:00 A.M. through video conferencing. The Board has recommended a dividend of Rs. 2.50 per equity share (on face value of Rs. 10) for FY 2024-25, with the record date set as August 22, 2025 and payment to be made on or before September 28, 2025. Shareholders will vote on adopting the FY25 audited financial statements, ratifying the cost auditors' fee of Rs. 1.20 lakh, and re-appointing several directors including Mr. Jatender Kumar Mehta (Vice Chairman & MD), Mr. Devashish Mehta (MD), Mr. Tavinder Singh (Whole-Time Director), and Mr. Ram Kumar Chugh (Independent Director), along with their proposed remuneration. M/s. DR Associates is proposed to be appointed as Secretarial Auditors for a 5-year term from April 1, 2025 to March 31, 2030. The meeting will be held virtually, and the Register of Members will be closed from August 23 to August 29, 2025.
This is a routine AGM notice, so the stock is unlikely to move sharply on the announcement alone. However, the Rs. 2.50 per share dividend is a small positive for shareholders, and the proposed long-term re-appointments and remuneration packages for the top management (especially Mr. Jatender Kumar Mehta at up to Rs. 3.85 crore per annum) may draw attention from institutional investors focused on governance and pay practices.