TCPL Packaging Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 31, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
TCPLPACK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TCPL Packaging held its 37th AGM on July 31, 2025 via video conferencing from 4:30 PM to 5:13 PM, with 39 members attending (10 promoters, 29 public) out of 17,403 total shareholders. All 8 resolutions were passed, including the declaration of a Rs. 30 per share dividend on equity shares of Rs. 10 face value (i.e., 300% dividend) for FY25. Adoption of audited financials, re-appointment of K K Kanoria and Rishav Kanoria as directors, appointment of VKM & Associates as secretarial auditor, and ratification of cost auditor remuneration all passed with near-unanimous support (99.98%-100%). Two special resolutions to amend and extend the ESOP 2022 plan to associate/group company employees passed with 87.30% support, but saw notable dissent of 12.70%, primarily from public institutional shareholders (74.83% of institutional votes were against).
Shareholders will receive a healthy Rs. 30 per share dividend (300% on face value), signaling strong cash generation. The ESOP-related resolutions passed comfortably, but the unusually high dissent from institutional investors on the ESOP amendments is worth noting, as it could lead to future share dilution. Overall, a routine AGM outcome with positive dividend news for retail shareholders.