Intimation of 16th Annual General Meeting ("AGM") of the Company to be held on Monday, June 30, 2025 at 04:30 P.M. (IST) through Video Conferencing/ Other Audio Visual Means ("VC/OAVM").
ROSSARI · price
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Rossari Biotech has called its 16th AGM for June 30, 2025 at 4:30 PM, to be conducted via video conferencing. Key items on the agenda include adoption of audited standalone and consolidated financial statements for FY25, and approval of a final dividend of Rs. 0.50 per share (25% on face value of Rs. 2) for FY ended March 31, 2025. Shareholders will also vote on the appointment of Mr. Sunil Chari as a director retiring by rotation, and a material related party transaction with subsidiary Unitop Chemicals Private Limited for up to Rs. 10,290 million (Rs. 1,029 crore) during FY26. Additionally, M/s. Shah Patel & Associates is proposed as the new Secretarial Auditor for a five-year term (FY26 to FY30), and the remuneration of Cost Auditor M/s. R. Shetty & Associates at Rs. 1.20 lakh for FY26 is up for ratification.
This is a routine AGM notice, but shareholders should note the sizeable Rs. 1,029 crore related party transaction limit with the subsidiary Unitop Chemicals, which requires their approval. The declared dividend of Rs. 0.50 per share is modest, and the rest of the agenda items are standard governance matters.