Orient Bell Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 05, 2025
ORIENTBELL · price
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Orient Bell Limited held its 48th Annual General Meeting on 5 August 2025 via video conferencing, starting at 10:30 a.m. and concluding at 11:08 a.m. Chairman Mr. Mahendra K. Daga was absent due to health reasons, so Managing Director Mr. Madhur Daga was elected to chair the meeting. Key ordinary business items included adoption of FY2024-25 annual accounts, re-appointment of Mr. Madhur Daga (retiring by rotation), and declaration of a dividend of Rs. 0.50 per equity share. Special business items covered appointment of Ms. Ashu Gupta as Secretarial Auditor for five years (FY2025-26 to FY2029-30), re-appointment of Ms. Bindiya Shyam Agrawal as Non-Executive Non-Independent Director for one year, and approval of related party transactions with Proton Granito Pvt Ltd and Corial Ceramic Pvt Ltd. Voting results will be announced within two working days.
The modest dividend of Rs. 0.50 per share signals a stable but conservative capital return policy, while the proposed related party transactions with two ceramic-related entities may draw investor attention to potential governance and conflict-of-interest considerations. Shareholders should watch the e-voting results expected within two working days for confirmation of all resolutions.