Resignation of CS update
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Panasonic Carbon India's board, at its 14 May 2025 meeting, approved audited financial results for FY ending 31 March 2025 and recommended a dividend of Rs.12 per share (120%) on equity shares of Rs.10 face value, subject to shareholder approval. The board accepted the resignation of Company Secretary Mr. Shivaprasad Padhy on personal grounds, effective close of business on 15 May 2025, and appointed Mr. Brajesh Baral as the new Company Secretary & Compliance Officer from 16 May 2025. It also recommended appointing Mr. Mogarala Sankara Reddy as a Non-Executive Independent Director and approved new internal, tax, and secretarial auditors for FY 2025-26. The AGM is scheduled for 26 June 2025, with the record date for the dividend set as 20 June 2025.
The 120% dividend is a positive cash return for shareholders, while the orderly CS transition with an immediate replacement suggests no governance disruption. The filing is routine but reassures investors on continuity of compliance and audit functions.