Submission of Outcome/Proceedings of 43rd Annual General Meeting (AGM) held on 27.09.2025 through VC mode at 11.30 AGM and concluded at 12.30 PM.
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TGV SRAAC Limited held its 43rd AGM on September 27, 2025, through video conferencing from 11:30 AM to 12:30 PM, with 70 members attending virtually. All 11 resolutions listed in the notice were passed, including the adoption of financial statements for FY ended March 31, 2025, and declaration of a final dividend of Rs. 1 per equity share (10%) on shares of Rs. 10 face value. Two directors — Srinivasa Babu Chappidi and Karunakar Rao Kamisetty — were re-appointed by rotation, while Sri Ramaiah Elluru and Sri Raghavendra Reddy Patil were ratified/appointed as Directors (Mechanical and Quality Assurance respectively) for three-year terms. Dr Asha Reddy Mora was appointed as Independent Director, and approval was granted for material related party transactions and creation of security in favour of a consortium of four banks (Federal Bank, Indian Bank, Punjab National Bank, IDBI Bank).
Shareholders benefit from a 10% final dividend, and the clean audit report with no qualifications is a positive sign. The security creation for a bank consortium suggests possible fund-raising or refinancing activity, which investors should watch for in future disclosures.