Orient Electric Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 25, 2025. Further, the company has informed the Exchange regarding voting results.
ORIENTELEC · price
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Orient Electric Limited held its 9th Annual General Meeting on July 25, 2025, via video conferencing, and all six resolutions were passed with the requisite majority. Shareholders approved the audited financial statements for FY25 and declared a final dividend of Rs. 0.75 (75%) per equity share, along with confirmation of an interim dividend of Rs. 0.75 already paid during FY25, taking the total dividend for FY25 to Rs. 1.50 per share. Mr. Ravindra Singh Negi (DIN: 10627944) was re-appointed as a director retiring by rotation, with 99.92% votes in favour. The appointment of cost auditors and secretarial auditors was ratified with over 99.99% approval, while a special resolution to raise the MD & CEO's managerial remuneration cap from 5% to up to 6% of net profits was passed with 93.08% in favour and 6.92% against. Overall shareholder participation was strong, with about 80.57% of outstanding shares being voted.
Routine procedural outcome — all resolutions passed comfortably with near-unanimous support, confirming the Rs. 1.50 total dividend for FY25 and signalling stable shareholder backing for management, though the higher (around 7%) dissent on the CEO remuneration hike is worth noting.