36th Annual Report of the Company of FY 2024-2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Smruthi Organics Ltd has submitted its 36th Annual Report for FY 2024-2025 along with the notice for its 36th Annual General Meeting to the stock exchanges. The AGM will be held on Friday, 20th June 2025 at 12:00 p.m. via video conferencing. The board has proposed a dividend of Rs 1.5 per share (15%) on 1,14,46,290 equity shares of Rs 10 each for FY ending 31st March 2025. Shareholders will vote on several resolutions, including the re-appointment of Ms. Eaga Smruthi as Director, an increase in remuneration for related party Mrs. Eaga Rimika (wife of Joint MD) to Rs 30 lakhs per annum, ratification of Cost Auditor fees, and appointment of a new Secretarial Auditor for 5 years. Two key special resolutions seek re-appointment of promoters Mr. E. Purushotham as Managing Director at Rs 180 lakhs per annum and Mr. E. Swapnil as Joint Managing Director & CFO at Rs 120 lakhs per annum, both for 3-year terms with annual hikes of up to 25%.
Investors get a confirmed 15% dividend payout and continuity in promoter leadership, but should note the substantial remuneration being paid to promoter family members, which is being put to shareholder vote at the AGM.