Notice of Book Closure for the purpose of AGM
SHARDAMOTR · price
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Awaiting price reaction for this filing.
Sharda Motor Industries has announced book closure from September 11, 2025 to September 18, 2025 for its 40th Annual General Meeting, to be held via video conferencing on September 18, 2025 at 12:00 noon. The record date for determining eligibility for the final dividend is June 13, 2025, with shareholders proposing a final dividend of Rs. 32.50 per equity share on a face value of Rs. 2 (1625%) for FY 2024-25. E-voting will run from September 15 to September 17, 2025, with the cut-off date set as September 12, 2025. Other AGM agenda items include reappointment of a director, appointment of M/s VKC & Associates as secretarial auditors for five years, ratification of cost auditor remuneration, and approval of commission for non-executive directors capped at 1% of net profits. The filing is described as a partial correction to an earlier intimation dated August 25, 2025.
Routine AGM-related filing with no surprise elements. The proposed final dividend of Rs. 32.50 per share is sizeable in absolute terms, though investors should verify dividend yield against the current market price. Shareholders holding shares before the June 13, 2025 record date remain eligible for the dividend.