Sangam (India) Limited has informed the Exchange about the approval of shareholder - 1. Dividend @ Rs 2 per share of Rs. 10 each. 2. Re-appointment of Mr. Sudhir Maheshwari as an Independent Director. 3. Re-appointment of Mr. V.K. Sodani as Director 4. Other Businesses as set out in the notice of 39th AGM.
SANGAMIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sangam (India) Limited has received shareholder approval at its 39th Annual General Meeting for four key items. A dividend of Rs 2 per share has been approved on shares with a face value of Rs 10, translating to a 20% dividend payout. Mr. Sudhir Maheshwari has been re-appointed as an Independent Director, and Mr. V.K. Sodani has been re-appointed as a Director. Other ordinary businesses listed in the AGM notice were also approved by shareholders.
The Rs 2 dividend provides a modest income to shareholders and signals stable cash flows. The re-appointments maintain board continuity, which is generally viewed positively by investors as it avoids governance disruption.