Sundaram Brake Linings Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 24, 2025
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Sundaram Brake Linings Limited has notified the 51st Annual General Meeting of the company, to be held on Thursday, July 24, 2025 at 4:45 PM through video conferencing. The board has recommended a dividend of Rs. 1.5 per equity share (15%) on 39,34,575 shares of Rs. 10 each for the financial year ended March 31, 2025. The cut-off date for both e-voting eligibility and dividend entitlement is July 17, 2025, with the e-voting window open from July 21 (9 AM) to July 23 (5 PM) via NSDL. Shareholders will also vote on re-appointing Ms. Shobhana Ramachandran (DIN: 00273837) as Director, adopting the FY25 audited financial statements, and appointing M/s. V. Suresh Associates as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30 at a remuneration of Rs. 1,25,000 per year.
This is a routine AGM notice with a modest dividend of Rs. 1.5 per share. Shareholders on record by July 17, 2025 will be eligible for the dividend and e-voting. The resolutions are largely procedural and unlikely to move the stock price materially, though the dividend declaration is mildly positive for income-focused investors.