Sula Vineyards Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 26, 2025
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Awaiting price reaction for this filing.
Sula Vineyards held its 22nd AGM on June 26, 2025, via video conferencing, running from 2:30 PM to 4:02 PM IST. All 7 directors attended, including MD & CEO Rajeev Samant (joining from London), and 75 members participated. Four ordinary resolutions were transacted: adoption of audited standalone and consolidated financial statements for FY25, declaration of a final dividend of Rs. 3.60 per equity share (face value Rs. 2) for FY 2024-25, re-appointment of Non-Executive Director Deepak Shahdadpuri (retiring by rotation), and appointment of Sunil Agarwal & Co. as Secretarial Auditor. The CEO shared an overview of the company and the Indian wine industry outlook, while CFO Abhishek Kapoor responded to shareholder queries. The statutory auditor's report had no qualifications or adverse comments. Voting results will be filed with the stock exchanges within two working days.
This is a routine compliance filing confirming the AGM was conducted as scheduled. The Rs. 3.60 per share dividend is a positive cash benefit for shareholders, and the clean auditor report signals no governance red flags. No direct impact on stock price expected from this procedural disclosure.