Sundaram Finance Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 23, 2025
SUNDARMFIN · price
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Sundaram Finance has called its 72nd Annual General Meeting on July 23, 2025, to be held via video conferencing. Shareholders will consider a final dividend of ₹21 per share, which together with the earlier interim dividend of ₹14 per share takes the total dividend for FY25 to ₹35 per share (350% on face value of ₹10), amounting to a total payout of ₹388.86 crore. The meeting will also seek approval to re-elect two retiring directors, re-appoint Mr. Ganesh Lakshminarayan as an Independent Director for another five-year term, appoint M Damodaran & Associates LLP as Secretarial Auditor for five years, and raise the company's borrowing limit from ₹60,000 crore to ₹70,000 crore. The record date for dividend eligibility is July 16, 2025, with the register of members closed from July 10 to July 23, 2025, and e-voting open from July 18 to July 22, 2025.
The ₹35 total dividend per share is a meaningful payout that supports Sundaram Finance's standing as a consistent dividend-paying stock, generally welcomed by long-term income investors. The proposal to raise the borrowing limit to ₹70,000 crore signals growth ambitions, though current borrowings of ₹47,359 crore and a healthy capital adequacy ratio of 20.42% provide ample headroom and reduce near-term dilution concerns.