Power & Instrumentation (Gujarat) Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 27, 2025
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Power & Instrumentation (Gujarat) Limited held its 41st Annual General Meeting on September 27, 2025, via video conferencing from 2:30 PM to 3:11 PM. 33 members attended out of a total 9,079 shareholders as on the cut-off date of September 19, 2025. The Statutory and Secretarial Auditors' reports on the financial statements for FY ended March 31, 2025 had no qualifications or adverse remarks. Seven resolutions were tabled and put to e-voting, including adoption of standalone and consolidated financial statements, re-appointment of a retiring director, declaration of a final dividend of Re. 0.20 (2%) per equity share, approval of cost auditor and secretarial auditor remuneration, approval of material related party transactions, and a special resolution to re-appoint Managing Director Mr. Padmaraj Padmanabhan Pillai for a further 3-year term along with his managerial remuneration.
Shareholders will receive a modest 2% final dividend, and the re-appointment of the existing Managing Director for 3 years signals leadership continuity. Approval of material related party transactions and a clean audit report are routine compliance items with no negative flags for the stock.