Prudent Corporate Advisory Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 31, 2025.
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Prudent Corporate Advisory Services has called its 22nd Annual General Meeting on July 31, 2025 at 3:00 PM via video conferencing. The AGM will seek shareholder approval for a final dividend of ₹2.50 per equity share (face value ₹5) for FY25, with a record date of July 18, 2025 and payment on or after August 5, 2025. Other items include adoption of FY25 audited financial statements, re-appointment of Sanjay Shah as a director liable to retire by rotation, appointment of M/s. M.C. Gupta & Co. as Secretarial Auditor for five years (FY26–FY30), and a change in designation of Chirag Shah from Whole-Time Director to Non-Executive Director effective October 4, 2024 due to IRDAI conflict-of-interest rules. Shareholders will also vote on raising CEO Shirish Patel's fixed remuneration from ₹7.34 crore to ₹10.33 crore per annum (plus variable pay up to 100% of fixed), and on a new ESOP 2025 scheme offering up to 16.5 lakh stock options to employees of the company and its subsidiaries.
The final dividend of ₹2.50 per share offers a steady payout to shareholders, while the proposed ESOP 2025 could lead to modest equity dilution over time. The nearly 41% hike in the CEO's fixed pay and the shift of a promoter director to a non-executive role may draw attention but reflect regulatory compliance and retention intent.