Polycab India Limited has informed the Exchange regarding Notice of undefined to be held on July 01, 2025
POLYCAB · price
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Awaiting price reaction for this filing.
Polycab India Limited has submitted the notice for its 29th Annual General Meeting to be held on Tuesday, July 1, 2025 at 9:00 AM via video conferencing. The agenda includes adoption of audited standalone and consolidated financial statements for FY25, declaration of a dividend of Rs. 35 per equity share on a face value of Rs. 10, and the re-appointment of Executive Director Mr. Gandharv Tongia who retires by rotation. Members also need to ratify the remuneration of Rs. 1.20 million for cost auditors R. Nanabhoy & Co. and approve the appointment of BNP & Associates as secretarial auditors for a five-year term from FY 2025-26 to FY 2029-30, starting at Rs. 0.375 million for the first year. The cut-off date for dividend and voting eligibility is June 24, 2025, with the remote e-voting window open from June 28 to June 30, 2025. Shareholders on record by June 24, 2025 will receive the dividend, subject to applicable tax deduction at source.
Routine AGM filing with a declared dividend of Rs. 35 per share, which is positive for income-seeking shareholders; stock price reaction is unlikely to be material as the dividend would already reflect management's recommendation shared earlier. The director re-appointment and auditor appointments are procedural.