Proceedings of 41st Annual General Meeting held on Saturday, September 27, 2025 with clarification for delayed submission of proceedings of General Meetings.
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Awaiting price reaction for this filing.
Power and Instrumentation (Gujarat) Ltd held its 41st AGM on September 27, 2025, from 2:43 PM to 3:11 PM via video conferencing, with 33 members attending out of 9,079 total shareholders. The company missed the 12-hour deadline for submitting AGM proceedings to BSE and filed a revised summary on October 1, 2025, citing inadvertence. Seven resolutions were tabled, including adoption of FY25 financial statements (clean audit report with no qualifications), a final dividend of Rs 0.20 (2%) per equity share, appointment/re-appointment of directors and auditors, approval of material related party transactions, and re-appointment of the Managing Director for 3 years with managerial remuneration. Voting was conducted via remote e-voting and e-voting at the meeting through CDSL, with results to be submitted separately.
Minor compliance lapse from delayed filing may attract regulatory scrutiny but is unlikely to materially affect the stock. Shareholders get a 2% final dividend, and the board's continuation signals stability, though related party transactions remain a point to watch.