PI Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 14, 2025
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The Board of PI Industries, at its meeting on May 19, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified opinion from Price Waterhouse Chartered Accountants LLP. The Board recommended a final dividend of Rs. 10 per share (1000% on Re. 1 face value), taking total FY25 dividend to Rs. 16 per share, including the Rs. 6 interim dividend already paid during the year, subject to shareholder approval. The 78th Annual General Meeting has been scheduled for August 14, 2025, to be held via video conferencing, with August 7, 2025 fixed as the record date. The Board also approved several leadership changes, including the re-appointment of Mayank Singhal as Vice Chairperson & Managing Director (5 years from Oct 1, 2025) and Rajnish Sarna as Joint Managing Director (3 years from Nov 7, 2025), along with new and re-appointments of independent directors. Additionally, M/s Makarand M. Joshi & Co. was appointed as Secretarial Auditor for 5 years (FY26–FY30), and M/s K.G. Goyal & Co. was re-appointed as Cost Auditor for FY26.
Shareholders will receive a robust total dividend of Rs. 16 per share for FY25, reflecting strong shareholder returns. The re-appointment of the experienced leadership duo of Singhal and Sarna provides management continuity, while a clean audit opinion with no material concerns signals financial discipline. The multiple board changes will be subject to shareholder approval at the August AGM.