NOTICE OF THE AGM AND ANNUAL REPORT OF THE COMPANY
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Taparia Tools Ltd has announced its 59th Annual General Meeting (AGM) to be held on Tuesday, August 5, 2025 at 11:30 AM via video conferencing. The record date/cut-off date for eligibility for dividend and e-voting is July 29, 2025, with remote e-voting open from August 2 to August 4, 2025. The Board has already paid an interim dividend of 250% (Rs. 25 per share) in December 2024 and is now recommending a final dividend of 250% (Rs. 25 per share) on 1,51,78,750 equity shares, taking total dividend to Rs. 50 per share for FY25. Key business items at the AGM include adoption of audited financial statements, re-appointment of Virendraa Bangur as Non-Executive Director, appointment of S R Khandelwal & Associates as Secretarial Auditors for 5 years, re-appointment of Mrs. Swati R. Bhairi as Independent Director for a second term of 2 years, and approval to double the monthly remuneration ceiling of Whole-time Director (Operations) Shri Sivaramakrishnan Palaniappan Pillai from Rs. 3 lakh to Rs. 6 lakh plus perquisites effective April 1, 2025.
Shareholders on record as of July 29, 2025 will receive a healthy Rs. 50 per share total dividend (500%) for FY25, signaling strong profitability. The proposed doubling of the Whole-time Director's pay ceiling and multiple director re-appointments are routine corporate governance items requiring shareholder approval and are unlikely to materially impact the stock price on their own.