Shanthi Gears Limited has informed the Exchange about Shareholders meeting
SHANTIGEAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shanthi Gears Limited has notified the 52nd Annual General Meeting (AGM) of the company to be held on 30th July 2025 at 4:30 p.m. through Video Conferencing (VC). The Board has recommended a final dividend of Rs. 2 per share (200%), which together with the already-paid interim dividend of Rs. 3 per share (300%) totals Rs. 5 per share (500%) for FY 2024-25. Shareholders will also vote on the re-appointment of Mr. Arun Venkatachalam as Director (retiring by rotation), alteration of the Articles of Association to align with the Companies Act, 2013, and the appointment of M/s. Sridharan & Sridharan Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2030-31) with a proposed remuneration of Rs. 1,20,000 for FY 2025-26. Mr. B Venkateswar has been appointed as Cost Auditor for FY 2025-26 with a remuneration of Rs. 80,000 plus taxes. E-voting will be conducted via NSDL from 27th July to 29th July 2025, with the cut-off date set as 23rd July 2025.
Routine AGM business with a healthy total dividend of Rs. 5 per share, which is positive for shareholders. No major strategic or governance red flags; the agenda items (auditor appointments, AOA update, director re-appointment) are standard compliance matters.