The meeting of Board of Directors was held today i.e. on Wednesday, 9th July, 2025 to consider and approve following business: 1. Calling AGM on 6th August, 2025. 2. Approved notice ....
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Pecos Hotels and Pubs Ltd's Board of Directors met on July 9, 2025 and approved calling its 20th Annual General Meeting on August 6, 2025 in Bengaluru. The Board recommended a final dividend of Rs. 3.50 per equity share (face value Rs. 10) for the financial year ended March 2025, along with the book closure and record date for the dividend. Statutory Auditor M/s Phillipos & Co. was re-appointed for a second term of five years, Mr. Pramil Dev was re-appointed as Secretarial Auditor for FY 2025-26 to FY 2029-30, and Mr. U. Jayanth Kini was retained as Internal Auditor for FY 2025-26. The Board also took on record the Internal and Secretarial Audit Reports for FY 2024-25 and appointed a scrutinizer for the e-voting process at the AGM.
The Rs. 3.50 dividend recommendation is a positive signal for income-seeking shareholders, though the final payout is subject to shareholder approval at the AGM. The auditor re-appointments are routine governance actions and are unlikely to move the stock on their own.