PI Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 14, 2025
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PI Industries has notified that its 78th Annual General Meeting will be held on Thursday, August 14, 2025 at 10:30 a.m. IST via video conferencing. The cut-off date for e-voting eligibility is August 7, 2025, with remote e-voting open from August 10 (9:00 a.m.) to August 13 (5:00 p.m.). Key items include confirmation of an interim dividend of Rs. 6 per share (already paid) and approval of a final dividend of Rs. 10 per share for FY25, totalling Rs. 16 per share for the year. Shareholders will vote on re-appointment of Vice Chairperson & MD Mr. Mayank Singhal for 5 years (Oct 2025–Sept 2030), with his remuneration permitted to exceed Rs. 5 crore or 2.5% of net profits, and re-appointment of Joint MD Mr. Rajnish Sarna for 3 years. Other items include ratification of cost auditor remuneration of Rs. 0.33 million for FY26, appointment of a new secretarial auditor for a 5-year term, and appointments/re-appointments of three directors including one new independent director.
Continuity at the top management level is preserved with the re-appointment of both MDs, while the combined Rs. 16 per share dividend underscores strong shareholder returns. Investors will likely focus on the special resolution allowing Mr. Singhal's remuneration to exceed SEBI's standard 2.5% net profit cap, which may attract governance scrutiny.