Precot Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2025
PRECOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Precot Limited held its 63rd Annual General Meeting on August 20, 2025, at 3:00 PM via video conferencing, chaired by Mr. Ashwin Chandran, Chairman and Managing Director. The meeting saw 51 shareholders participate virtually and concluded at 3:36 PM after covering 10 agenda items. Key resolutions included adoption of audited financial statements for FY ending March 31, 2025, declaration of a dividend, and reappointment of several directors including Mr. Ashwin Chandran (CMD), Mr. Prashanth Chandran (Vice Chairman & MD), Mr. Sarath Chandran (Mentor), Mr. T Kumar (Executive Director), and Mr. Ravi Kumar Abburu (Director - Technical Textiles). The meeting also included appointment of the Secretarial Auditor and ratification of remuneration payable to the Cost Auditor. Remote e-voting was conducted between August 17-19, 2025, with MUFG Intime India as the e-voting service provider.
The reappointment of the promoter-led leadership team (Chandran family) signals management continuity for shareholders. Declaration of a dividend is a positive signal for income-focused investors, though the exact amount is not specified in this filing and will be detailed once the scrutinizer's report is filed.