Proceedings of Annual General Meeting
Awaiting price reaction for this filing.
Eros International Media held its 31st Annual General Meeting on December 1, 2025, at 3:00 PM via video conferencing, chaired by Independent Director Mr. Manmohan Kumar Sardana. CEO Mr. Pradeep Dwivedi shared that the company has fully repaid its debt, including interest, to its lender consortium of banks in FY 2024-25, and is focusing on monetizing its film library and related IP rights while leveraging GenAI technologies. Three resolutions were passed with requisite majority: adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, re-appointment of Mr. Vijay Thaker as director (retiring by rotation), and approval for waiver of excess remuneration paid to Executive Vice-Chairman & MD Mr. Sunil Lulla for FY 2024-25. E-voting was conducted from November 27 to November 30, 2025, with Mr. C R Bhagwat serving as scrutinizer.
Debt repayment is a positive signal indicating improved financial health and reduced interest burden for the company. Shareholders should note the waiver of excess remuneration paid to the MD as a governance matter that required shareholder approval.