Outcome of AGM
Awaiting price reaction for this filing.
HDFC Asset Management Company Limited held its 26th AGM on June 25, 2025 at 3:00 PM via video conferencing, chaired by Mr. Deepak Parekh. Four resolutions were voted on and all passed with requisite majority: (1) adoption of audited standalone and consolidated financial statements for FY25, approved with 99.9997% in favor; (2) declaration of dividend of Rs. 90 per equity share (face value Rs. 5) for FY ended March 31, 2025, approved with 99.9997% in favor; (3) re-appointment of Mr. Deepak S. Parekh as Non-Executive Non-Independent Director and Chairman, passed as a special resolution with 98.595% in favor; and (4) appointment of Secretarial Auditors, approved with 99.6432% in favor. Of 4,39,943 total shareholders, around 1,838 voted via remote e-voting and 14 during the AGM. Statutory and Secretarial Auditors issued unqualified reports, and all directors were present.
Shareholders have approved a strong dividend of Rs. 90 per share (Rs. 5 face value), confirming healthy profitability and cash distribution. Continued leadership of Deepak Parekh as Chairman signals stability, while the high approval margins on all resolutions reflect broad shareholder confidence with no meaningful dissent.