Prakash Pipes Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
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Prakash Pipes Limited held its 9th Annual General Meeting on September 30, 2025, via video conferencing, with 90 shareholders present (1 from the promoter group and 89 from the public) out of 89,876 eligible shareholders. The meeting was chaired by Managing Director Shri Kanha Agarwal, with key directors and the CFO also in attendance. Shareholders approved ordinary business including the adoption of audited financial statements for FY ending March 31, 2025, a dividend of ₹2.40 per equity share (24%), and the re-appointment of Shri Vikram Agarwal as Director. Special resolutions were passed for the re-appointment of Shri Kanha Agarwal as Managing Director & CEO and the continuation of Dr. Satish Chander Gosain as Independent Director beyond age 75. The results of e-voting will be submitted to stock exchanges separately by the scrutinizer, M/s B K Bohra & Associates.
Shareholders have approved a 24% dividend (₹2.40 per share) and the re-appointment of the existing Managing Director & CEO, signaling continuity in leadership. The routine nature of the AGM with all resolutions expected to pass indicates stable governance with no major contentious issues for retail investors.