Solex Energy Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
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Solex Energy Limited held its 11th Annual General Meeting on September 29, 2025, via video conferencing, lasting just 17 minutes (11:00 AM to 11:17 AM), chaired by CMD Dr. Chetan Shah. A total of 16 resolutions were tabled and put to vote, covering key items such as adoption of audited financial statements for FY ending March 31, 2025 (with a clean audit report containing no modified opinion), declaration of a final dividend of Re. 0.55 per equity share (face value Rs. 10), re-appointment of two directors retiring by rotation, revisions in remuneration for the CMD and two whole-time directors, re-appointment of an independent director, approval of a related party transaction with Solex Green Energy Private Limited, and appointment of M/s. Maheshwari & Co. as statutory auditors for a five-year term. Remote e-voting was conducted from September 26 to September 28, 2025 via Kfin Technologies, with voting results pending the scrutinizer's report.
Shareholders can expect a small dividend payout of Re. 0.55 per share (5.5% on face value). Investors should watch for the scrutinizer's voting results, especially on resolutions involving hikes in executive director remuneration and the related party transaction with Solex Green Energy, as these are areas where shareholder dissent could be material.