Shankara Building Products Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 24, 2025
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Shankara Building Products Limited held its 30th Annual General Meeting on June 24, 2025 via video conferencing, with 49 shareholders attending. The company submitted the voting results and the scrutinizer's report covering six resolutions, all of which were passed with the required majority. Key items approved include the adoption of audited financial statements for FY25, declaration of a final dividend, re-appointment of Mr. C. Ravikumar as a director, appointment of a secretarial auditor, and appointment of Mr. Dhananjay Mirlay Srinivas as Whole-time Director for five years. A special resolution was also passed to increase the remuneration of Mr. C. Ravikumar. The dividend resolution saw overwhelming support (over 99.99% in favour), while the whole-time director appointment had the highest dissent at about 1.45% of votes polled against.
Shareholders can expect to receive the declared final dividend, and the board composition has been refreshed with a new Whole-time Director. The near-unanimous approval on most resolutions signals strong shareholder confidence, though modest dissent on the WTD appointment and remuneration increase is worth noting. No material adverse impact on the stock is expected from these routine governance items.