Orient Electric Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 25, 2025
ORIENTELEC · price
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Orient Electric held its 9th AGM on July 25, 2025 via video conferencing, chaired by Mr. CK Birla. Shareholders transacted six items of business, including adoption of FY25 audited financial statements and declaration of a final dividend of ₹0.75 per equity share (face value ₹1), which along with the earlier interim dividend of ₹0.75 makes a total of ₹1.50 per share for FY25. MD & CEO Mr. Ravindra Singh Negi was re-appointed via ordinary resolution, and M/s. Labh & Labh Associates was appointed as Secretarial Auditor for a five-year term (FY26–FY30). A special resolution was also passed to raise the MD & CEO's remuneration cap from 5% to 6% of net profits for FY25. Voting results on all resolutions will be declared within two working days.
The final dividend of ₹0.75 per share (taking total FY25 dividend to ₹1.50) is a modest cash return for shareholders. The increase in MD & CEO remuneration limit and long-term appointment of a new Secretarial Auditor are routine governance items; final voting outcomes are still pending and may guide near-term stock sentiment.