S H Kelkar and Company Limited has informed the Exchange regarding Proceedings of 69th Annual General Meeting held on August 12, 2025
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Awaiting price reaction for this filing.
S H Kelkar and Company held its 69th AGM on August 12, 2025 via video conferencing, lasting from 4:30 PM to 5:36 PM IST, with 72 members present. A total of 11 resolutions were transacted, including adoption of the audited standalone and consolidated financial statements for FY ended March 31, 2025, and declaration of a final dividend of Re. 1 (10%) per equity share on 13,84,20,801 shares of Rs. 10 face value. Key board-related items included the re-appointment of Mr. Kedar Vaze as Whole-time Director & Group CEO for 3 years from September 1, 2025, a proposal to waive recovery of excess remuneration paid to him for FY 2024-25, commission to Chairman Mr. Ramesh Vaze, and appointment of Ms. Pallavi Gokhale as a new Non-Executive Director. The e-voting results along with the Scrutiniser's Report (Mr. Vishwanath of M/s. Sharma and Trivedi LLP) are awaited and will be filed with the stock exchanges.
Shareholders stand to receive a final dividend of Re. 1 per share, with the total payout working out to roughly Rs. 13.8 crore. The actual voting outcomes — particularly on the executive remuneration waiver and director re-appointments — will be the next trigger for any short-term stock reaction.