Relaxo Footwears Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 28, 2025
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Relaxo Footwears held its 41st Annual General Meeting on August 28, 2025, via video conferencing, with 91 members attending out of 2,48,514 eligible shareholders. The Chairman & Managing Director, Mr. Ramesh Kumar Dua, chaired the meeting where all directors were present except Mr. Kuldip Singh Dhingra. Five resolutions were put to vote, including adoption of audited financial statements for FY 2024-25 and declaration of a final dividend of ₹3.00 per share (300% on face value of ₹1). Two special resolutions covered the re-appointment of Mr. Ramesh Kumar Dua (Chairman & MD) and Mr. Mukand Lal Dua (Whole Time Director), both retiring by rotation. The fifth resolution appointed Chandrasekaran Associates as Secretarial Auditors for a five-year term. Both the Statutory and Secretarial Auditors' Reports had no qualifications, adverse remarks, or disclaimers. Voting results will be declared within two working days of the meeting.
Shareholders are set to receive a final dividend of ₹3.00 per share for FY25, which is a positive return signal. The re-appointment of the Chairman & MD and Whole Time Director ensures management continuity, while the clean audit reports and routine AGM agenda suggest no governance concerns.