Shanthi Gears Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Wednesday, 30th July, 2025 @ 04.30 PM
SHANTIGEAR · price
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Shanthi Gears Limited held its 52nd Annual General Meeting on 30th July 2025 at 4:30 PM via video conferencing, attended by 60 members. Six resolutions were tabled, including adoption of audited financial statements for FY2024-25, declaration of a final dividend of Rs.2 per share (200%) on top of an already-paid interim dividend of Rs.3 per share (300%), bringing total dividends to Rs.5 per share for the year. Other resolutions covered the re-appointment of Mr. Arun Venkatachalam as a director, alteration of the Articles of Association to align with the Companies Act 2013 and SEBI Listing Regulations (special resolution), appointment of M/s. Sridharan & Sridharan Associates as Secretarial Auditors for five years (FY2025-26 to FY2029-30), and appointment of Mr. B Venkateswar as Cost Auditor for FY2025-26. CEO Mr. M Karunakaran presented a detailed review of business performance for FY2024-25 and Q1 FY26 (quarter ended 30th June 2025). E-voting was conducted via NSDL between 27th and 29th July 2025, and the scrutinizer's report along with voting results will be announced separately.
Routine AGM proceedings disclosure with positive signals for shareholders: a strong total dividend of Rs.5 per share confirms healthy cash generation, while leadership continuity is maintained through director re-appointment. The voting outcome on the special resolution (Articles alteration) will be the key thing to watch, but no major red flags are evident from the agenda.