Prakash Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
PRAKASH · price
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Prakash Industries held its 44th AGM on September 30, 2025, via Video Conference, chaired by Independent Director Smt. Ankita Garg. The meeting had 98 shareholders present out of 98,879 total shareholders as on the record date (September 23, 2025). The Chairperson highlighted key achievements including the commencement of coal extraction from the Bhaskarpara coal mine, sustainability initiatives, and the growth outlook for FY 2025-26. Shareholders approved the audited financial statements for FY ended March 31, 2025, and declared a dividend of ₹1.50 per equity share (15%) for FY25. All 8 resolutions—including director re-appointments, auditor ratifications, and continuation of senior directors beyond retirement age—were passed with the requisite majority.
The 15% dividend declaration is a positive signal for shareholders, providing direct income returns. The commencement of coal extraction at the Bhaskarpara mine and the Chairman's optimistic growth outlook for FY26 could support investor sentiment, while the continuation of senior management beyond retirement age signals board stability.