Proceedings of 21st Annual General Meeting of the Company
SICAGEN · price
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Sicagen India held its 21st AGM on September 30, 2025 via video conferencing, chaired by Mr. Ashwin C Muthiah, with all requisite quorum and auditors present. Seven ordinary and special business items were transacted, including approval of FY25 financial statements, declaration of a 10% equity dividend (Re. 1 per share), re-election of Mr. R. Chandrasekar and Mr. Ashwin C Muthiah, appointment of M/s. KRA & Associates as Secretarial Auditors for 5 years, and re-appointment of Mr. Nandakumar Varma as Whole Time Director for 3 years. From the Chairman's speech, standalone revenue grew 13% to about ₹546 crore (from ₹483 crore) and PBT rose to ~₹20 crore (from ~₹12 crore); on a consolidated basis, revenue was ~₹900 crore with PBT nearly doubling to ~₹24 crore. The Power & Control Systems and Speciality Chemicals divisions posted sharp profit growth, while Building Materials faced margin pressure from cheap Chinese steel imports. No speaker shareholders registered, and e-voting results were to be announced within 2 working days.
The AGM was smooth and largely procedural with all resolutions expected to pass, while the 10% dividend confirms continued shareholder returns. Improved profitability across most divisions, despite steel pricing headwinds, is mildly positive for sentiment and signals operational resilience.