Orient Electric Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 25, 2025
ORIENTELEC · price
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Orient Electric has notified the stock exchanges about its 9th Annual General Meeting scheduled for Friday, July 25, 2025 at 3:30 p.m. (IST), to be held via Video Conferencing (VC/OAVM) with no physical venue. The Annual Report for FY 2024-25 is being sent electronically to shareholders. Key items on the AGM agenda include adoption of FY25 audited financials, declaration of a final dividend of ₹0.75 per share (75% on face value of ₹1) and confirmation of the interim dividend of ₹0.75 already paid, taking total FY25 dividend to ₹1.50 per share. A Special Resolution seeks to raise the MD & CEO's remuneration limit from 5% to 6% of net profits for FY 2024-25. The cut-off date for e-voting and dividend eligibility is July 18, 2025, with remote e-voting open from July 22 to July 24, 2025. The final dividend, if approved, will be paid on or before August 24, 2025. Members holding shares in physical form must update KYC with the RTA (KFin Technologies) to receive the dividend electronically.
Shareholders of record as of July 18, 2025 will receive a final dividend of ₹0.75 per share, bringing total FY25 dividend to ₹1.50 per share (interim + final). The AGM is a procedural filing — no major corporate action — though the proposal to increase MD & CEO pay limit from 5% to 6% of net profits is a Special Resolution and could draw scrutiny from institutional investors. The stock is unlikely to see significant price movement solely on AGM notice.