We are enclosing herewith proceedings of the 71st Annual General Meeting dated August 4, 2025 of the Company.
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The Yamuna Syndicate Ltd held its 71st AGM on August 4, 2025 via video conferencing. Out of 1,238 shareholders on the record date (July 28, 2025), 38 members participated including 2 promoters and 3 promoter group members. All six resolutions were passed with overwhelming approval (over 99.95% in favour). Key resolutions included adoption of audited standalone and consolidated financial statements for FY25, declaration of a final dividend of Rs. 500 per equity share (on face value of Rs. 100), re-appointment of Mr. Kishore Chatnani, appointment of Mr. Praveen Soneja as Independent Director for 5 years, and appointment of M/s. Pramod Kothari & Co. as Secretarial Auditors for 5 years. The CEO reported FY25 revenue from operations of Rs. 64.82 crore with marginal growth, with battery distribution, lubricants, and fuel retail being key business segments.
The final dividend of Rs. 500 per share on Rs. 100 face value represents a substantial 500% payout and is a major positive signal for shareholders. The clean approval of all resolutions with near-unanimous support and no adverse auditor remarks suggests stable governance with no contentious issues.