The Grob Tea Company Limited has informed the Exchange with Proceeding Summary of Annual General Meeting
GROBTEA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Grob Tea Company held its Annual General Meeting on August 12, 2025, via video conferencing, with 22 members attending remotely. A total of 8 resolutions were tabled and all were passed with the requisite majority, with nearly 100% votes cast in favor on each. Key items included adoption of the audited financial statements for FY ended March 31, 2025, declaration of a dividend of Rs 3 per equity share (on face value of Rs 10), re-appointment of Mrs. Indra Agarwal (retiring by rotation), re-appointment of Mr. Mukesh Kumar Agarwal as Whole-time Director along with an increase in his remuneration limit, re-appointment of Mr. Niraj Kumar Harodia as Independent Director, appointment of M/s MR & Associates as Secretarial Auditor, and ratification of the Cost Auditor's remuneration for FY 2025-26. Only 25 shareholders cast votes through remote e-voting, representing about 81.4% of the total 11,62,330 outstanding shares, with promoter votes (38,920 shares) being treated as invalid on the two resolutions where promoters had a conflict of interest (re-appointment and remuneration of Mukesh Kumar Agarwal).
All resolutions were passed with overwhelming shareholder support, signaling smooth governance. The Rs 3 per share dividend is a modest payout for shareholders. The increase in whole-time director remuneration and re-appointments were also approved without significant dissent, so no material negative impact is expected on the stock.