Shanthi Gears Limited has informed the Exchange about Shareholders meeting
SHANTIGEAR · price
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Shanthi Gears Limited has scheduled its 52nd Annual General Meeting on Wednesday, 30th July 2025 at 4:30 p.m. through Video Conferencing. Key business to be transacted includes adoption of audited financial statements for FY ended 31st March 2025 and declaration of a final dividend of Rs. 2 per share (200%). Together with an interim dividend of Rs. 3 per share (300%) already paid, the total dividend for FY 2024-25 works out to Rs. 5 per share (500%). Shareholders will also vote on re-appointing Mr. Arun Venkatachalam as Director (retiring by rotation), altering the Articles of Association to align with the Companies Act 2013 (Special Resolution), appointing M/s. Sridharan & Sridharan Associates as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30) at Rs. 1,20,000 p.a., and ratifying the appointment of Mr. B Venkateswar as Cost Auditor at Rs. 80,000 for FY 2025-26. E-voting will be conducted via NSDL, with the cut-off date set as 23rd July 2025.
Routine AGM notice — no negative signals. The final dividend of Rs. 2 per share is on track for payment by 27th August 2025, subject to shareholder approval. The AOA alteration and auditor appointments are standard governance items and unlikely to materially affect share price.