Outcome of Annual General Meeting
SHILCTECH · price
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Shilchar Technologies held its 39th AGM on 12th August 2025 via video conferencing, attended by 37 shareholders. The meeting, chaired by Managing Director Mr. Alay Shah, covered adoption of audited financial statements for FY2024-25, declaration of a dividend for the year ended 31st March 2025, and re-appointment of Mr. Aashay Alay Shah (Whole Time Director) who retires by rotation. The Auditors' Report was unqualified and without observations. Shareholders also approved remuneration to Cost Auditors for FY2025-26, appointment of Secretarial Auditors for a 5-year term, and notably approved the listing of the company's equity shares on the NSE Main Board. Voting was conducted via remote e-voting (9th–11th August) and e-voting at the AGM, with results to be declared within 48 hours.
Routine AGM proceedings, but the NSE Main Board listing approval is a positive development that could improve the stock's liquidity and visibility among investors. The dividend declaration signals continued shareholder returns, while the clean auditors' report reinforces confidence in the FY2024-25 financials.