Submission of 43rd AGM e-voting results along with Scrutinizer Report as per Regulation 44 of SEBI (LODR) Regulations, 2015.
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TGV Sraac Limited held its 43rd Annual General Meeting on September 27, 2025, via video conferencing from 11:30 AM to 12:30 PM. All 11 resolutions were passed with overwhelming shareholder support, with approval percentages ranging from 99.51% to 99.99%. Key resolutions included adoption of FY25 financial statements, a final dividend of Rs.1 per equity share (10%) for FY ending March 31, 2025, re-appointment of two retiring directors (Sri Srinivasa Babu Chappidi and Sri Karunakar Rao Kamisetty), appointment of new directors including Dr Asha Reddy Mora as Independent Director, ratification of executive director appointments (Mechanical and Quality Assurance), appointment of a new Secretarial Auditor (Sri Mahadev Tirunagari) and Cost Auditor, approval for material related party transactions, and creation of security in favour of a bank consortium (Federal Bank, Indian Bank, Punjab National Bank, and IDBI Bank). The Scrutinizer, CA M. Nirmal Kumar Reddy, confirmed the voting process was fair and transparent. Out of 53,662 shareholders on record date, 9 promoters and 61 public shareholders attended via video conferencing.
Shareholders should expect the Rs.1 per share final dividend to be paid out as approved. The strong vote for related party transactions and bank security creation suggests smooth continuation of the company's financing arrangements. The high approval percentages across all resolutions reflect strong shareholder confidence in the current management and strategic direction.