Shriram Pistons & Rings Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 01, 2025
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Shriram Pistons & Rings Limited has issued the notice for its 61st AGM, scheduled for Friday, August 1, 2025 at 4:00 p.m. IST via Video Conferencing. The meeting will consider adoption of audited financial statements for FY25, declaration of a final dividend of Rs. 5 per share (taking total FY25 dividend to Rs. 10 per share, including Rs. 5 interim already paid), and re-appointment of two directors (Klaus Semke and Meenakshi Dass) who retire by rotation. Special business includes approval of cost auditor remuneration of Rs. 3.65 lakh to M/s Chandra Wadhwa & Co. for FY26, appointment of Mr. Akihiro Ozaki as Non-Executive Independent Director (June 12, 2025 to July 28, 2029) filling the casual vacancy from Mr. Shinichi Unno's resignation, appointment of M/s APAC & Associates LLP as Secretarial Auditor for 5 years (FY26–FY30), and approval to pay profit-linked commission of up to 1% of annual profits (0.60% to Chairman, up to 0.40% to other Non-Executive Directors) for FY26–FY30. The record date is July 25, 2025 and remote e-voting runs from July 29 to July 31, 2025.
Routine AGM notice with routine items (financials, dividend, director retirements) and a few governance matters. The dividend of Rs. 10/share is already known; the proposed profit-linked commission for non-executive directors (up to 1% of profits) is a long-term commitment shareholders will be voting on. No major strategic or financial impact expected for shareholders.