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Awaiting price reaction for this filing.
Smruthi Organics Ltd has released the Notice of its 36th Annual General Meeting along with the Annual Report for FY 2024-25. The AGM will be held on Friday, 20th June 2025 at 12:00 PM (IST) via Video Conferencing, with no physical venue. Key agenda items include adoption of audited financial statements, declaration of a 15% dividend (Rs 1.5 per share) on 1,14,46,290 equity shares of Rs 10 each (total payout of about Rs 1.72 crore), and re-appointment of Ms. Eaga Smruthi as Director retiring by rotation. Special business includes a 15% increase in remuneration of related party Mrs. Eaga Rimika (wife of Joint MD) to Rs 30 lakhs per annum, ratification of cost auditor fees of Rs 55,000 plus GST, and appointment of Mr. H.R. Thakur as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30). The company is also seeking shareholder approval for re-appointment of Mr. E. Purushotham as Managing Director (Rs 180 lakhs per annum) and Mr. E. Swapnil as Joint Managing Director (Rs 120 lakhs per annum), each for a 3-year term with up to 25% annual increment.
Routine AGM with no major surprises — the 15% dividend is a modest positive for shareholders, while the MD remuneration hikes (Rs 180L and Rs 120L) and related party increase may draw attention from corporate governance-focused investors. The 5-year secretarial auditor appointment provides continuity. No immediate stock price catalyst expected, but dividend record date is 13th June 2025.