Techno Electric & Engineering Company Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
TECHNOE · price
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Techno Electric & Engineering Company held its 20th AGM on September 23, 2025 via video conferencing, which concluded in just 30 minutes (3:30 PM to 4:00 PM). Five resolutions were passed by members with requisite majority: (1) adoption of audited standalone and consolidated financial statements for FY25 (99.96% in favor), (2) declaration of a final dividend of Rs. 9 per equity share of Rs. 2 face value for FY25 (99.999% in favor), (3) re-appointment of Mr. Shailesh Kumar Mishra as a non-executive director (95.42% in favor — the lowest of the lot), (4) approval of cost auditor remuneration (99.999% in favor), and (5) appointment of M/s. Babulal Patni as secretarial auditor for five years starting FY26 (99.95% in favor). A total of 37 members attended the meeting, with 334 members exercising votes through remote e-voting. Promoters hold 6,62,01,276 shares and voted 100% in favor of all resolutions. The cut-off date for voting was September 16, 2025, with the company having 1,03,099 shareholders on record.
Shareholders stand to receive a final dividend of Rs. 9 per share, which is the key tangible outcome of the AGM. Strong approval on routine resolutions (dividend, audited accounts, auditor appointments) signals stable governance, while the relatively lower 95.42% support for the director re-appointment may be worth noting but is not unusual for institutional dissent.