Tube Investments of India Limited has informed the Exchange about Shareholders meeting
TIINDIA · price
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Tube Investments of India has scheduled its 17th AGM for Friday, 1st August 2025 at 3:30 PM IST, to be held via video conferencing. The notice includes adoption of audited standalone and consolidated financial statements for FY25 and a final dividend of ₹1.50 per share (taking total FY25 dividend to ₹3.50 per share, including the ₹2 interim already paid), with record date 25th July 2025. Remote e-voting window is 28th–31st July 2025, cut-off date 25th July 2025. Other items include re-appointment of Mr. M A M Arunachalam as Director (retiring by rotation), appointment of Sridharan & Sridharan Associates as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30) at ₹2.30 lakhs p.a., and appointment of Ms. Shelina Pranav Parikh as Independent Director for 3 years (May 2025–May 2028). The MD Mr. Mukesh Ahuja's base salary scale is being revised to ₹15–20 lakh per month (up to ₹20 lakh max) effective 1st July 2025 for the remainder of his term ending March 2027, subject to a 2.5% of net profits ceiling.
Routine AGM business with no major negative surprise; shareholders of record on 25th July 2025 will receive the ₹1.50 final dividend (subject to TDS). The MD salary revision and Independent Director appointment are governance items that may draw mild attention but are unlikely to move the stock materially.