64th Annual General Meeting of the Company will be held on Thursday, 24th July 2025 at 3.00 pm. IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM). Notice of Annual ....
ULTRAMAR · price
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Ultramarine & Pigments has filed the notice for its 64th AGM scheduled for 24th July 2025 at 3:00 PM, to be held via video conferencing. The board has recommended a dividend of ₹6 per share (300%) on the ₹2 face value equity share, with a record date of 16th July 2025. The company posted strong FY2024-25 results with net profit after tax rising about 29% to ₹6,967 lakhs (from ₹5,383 lakhs), total income up to ₹66,330 lakhs (from ₹53,721 lakhs), and EPS climbing to ₹23.86 (from ₹18.43). Shareholders will vote on adopting the financial statements, re-appointing Vice Chairperson Indira Sundararajan (who retires by rotation), and a special resolution to increase the commission of Whole-time Director R. Senthil Kumar from 0.5% to up to 1% of net profits. They will also approve the appointment of R M Mimani & Associates as secretarial auditor for five years and the remuneration of cost auditors GSVK & Co for FY2025-26.
Strong profit growth and a higher dividend payout (300% vs 250% last year) are positive signals for shareholders, while the increase in whole-time director compensation is a routine governance matter that may draw modest scrutiny at the AGM.