Sandhar Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 19, 2025
SANDHAR · price
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Sandhar Technologies has notified the 33rd AGM to be held on Friday, September 19, 2025 at 11:30 AM via video conferencing. Shareholders will vote on a final dividend of Rs 3.50 per equity share (face value Rs 10) for FY 2024-25, and on the re-appointment of Jayant Davar as Executive Chairman & CEO for 5 years starting January 1, 2026. The Board is also seeking shareholder approval to raise the borrowing limit to Rs 1,200 crore, create charges/mortgages up to Rs 1,200 crore, and increase authorised share capital from Rs 70 crore to Rs 80 crore. A separate special resolution proposes raising up to Rs 500 crore through methods such as QIP, rights issue, FPO, or preferential allotment. Book closure runs from September 13 to September 19, 2025, with the record date set for September 12, 2025, and remote e-voting from September 16 to September 18, 2025.
The Rs 3.50 final dividend is a direct cash return for shareholders. The proposals to raise up to Rs 500 crore in capital and lift borrowing limits to Rs 1,200 crore signal potential expansion or debt-funded plans, which could lead to equity dilution depending on the route chosen. Re-appointment of the founder-CEO ensures leadership continuity through 2030.