Sarla Performance Fibers Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 25, 2025
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Sarla Performance Fibers Limited held its 32nd Annual General Meeting on June 25, 2025, from 11:00 a.m. to 11:47 a.m. via video conferencing, with 43 members in attendance. The meeting was chaired by Chairman & Managing Director Mr. Krishnakumar Jhunjhunwala, and all Directors except Mr. Paulo Moura were present. Six resolutions were transacted, including adoption of audited standalone and consolidated financial statements for FY25, declaration of a final dividend of Rs. 3.00 per equity share (face value Rs. 1.00), re-appointment of Ms. Neha Jhunjhunwala as a director, a special resolution for change in designation and revised remuneration of Mr. Kanav Jhunjhunwala, ratification of the cost auditor's remuneration for FY26, and appointment of the secretarial auditor for FY26 to FY30. The statutory and secretarial auditors' reports contained no qualifications. E-voting results will be announced within two working days.
The final dividend of Rs. 3.00 per share is a tangible return for shareholders, while the revision in remuneration for a promoter-group director and the change in designation are governance matters that shareholders approved. Voting outcomes on these resolutions will be confirmed in a separate filing within two days and could influence near-term stock sentiment.