Transformers And Rectifiers (India) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on May 13, 2025. Further, the company has informed the Exchange regarding voting results.
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Transformers and Rectifiers (India) Limited held its 31st AGM on May 13, 2025 (11:00 AM to 11:15 AM) via video conferencing and submitted the voting results along with the Scrutinizer's Report to the exchanges. All 11 resolutions (5 ordinary + 6 special) were passed with the requisite majority. Key resolutions included adoption of FY25 audited financial statements, declaration of a 20% dividend (Rs. 0.20 per equity share), re-appointment of Mrs. Karuna J. Mamtora as a director retiring by rotation, appointment of the Secretarial Auditor, revision/re-appointment and remuneration of executive directors (Jitendra U. Mamtora, Karuna J. Mamtora, and Satyen J. Mamtora), approval to advance loans/guarantees under Section 185, and ratification of the Cost Auditor's remuneration. Most resolutions passed with overwhelming support of 97–100%, while the re-appointment of Jitendra Mamtora (88.99%) and the Section 185 loan/guarantee approval (88.67%) received comparatively lower but still comfortable majorities. A total of 124,100 shareholders were on the record date, and out of 300,165,834 outstanding shares, approximately 238.5–238.8 million shares were polled.
The 20% dividend declaration (Rs. 0.20 per share) is positive for shareholders looking for income from the stock. Approval of all resolutions — including executive remuneration revisions and Section 185 lending powers — without any rejection signals smooth governance, though the lower (but still strong) votes on Chairman Jitendra Mamtora's re-appointment and the related-party loan powers may reflect mild institutional dissent worth noting.