Proceedings of 42nd Annual General Meeting (AGM) of the Company
SURYALA · price
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Suryalata Spinning Mills held its 42nd AGM on September 27, 2025, via video conference from 11:30 AM to 12:15 PM. Members transacted ordinary business including adoption of the audited financial statements for FY ended March 31, 2025, and declared a 20% dividend (Rs. 2 per equity share of Rs. 10 face value) for non-promoter shareholders. Special business covered the re-appointment of Vithaldas Agarwal (Managing Director), Mahender Kumar Agarwal (Joint Managing Director) and Madhavi Agarwal (Whole-time Director), along with revisions to their remuneration. The meeting also approved the appointment of Prerna & Co as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30) and ratified the Cost Auditor's remuneration for FY ending March 31, 2026. Chairman Harishchandra Prasad Kannuri chaired the meeting; voting results will be filed separately once the scrutinizer's report is received.
The Rs. 2 per share dividend confirms a steady payout for non-promoter shareholders, while the re-appointment and revised pay packages for the promoter-family directors will be a key item to watch in the upcoming voting results for shareholder sentiment.