Outcome of remote e-voting and e-voting at the 64th Annual General Meeting held on 24th July, 2025
ULTRAMAR · price
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Ultramarine & Pigments Ltd held its 64th AGM on July 24, 2025 via video conferencing. All seven resolutions placed before shareholders were approved with the requisite majority. Out of 1,18,60,384 valid votes cast, nearly 100% voted in favour of each resolution, with negligible dissent. Key resolutions included adoption of audited financial statements for FY25, declaration of a dividend, re-appointment of Mrs. Indira Sundararajan as a director (retiring by rotation), change in place of keeping statutory registers, revision in commission payable to Whole-time Director Mr. R Senthil Kumar, appointment of R M Mimani & Associates LLP as Secretarial Auditor for 5 years, and ratification of remuneration for Cost Auditor M/s. GSVK and Co. R M Mimani & Associates LLP acted as scrutinizer for the voting process.
All resolutions passed overwhelmingly, signalling strong shareholder confidence. The declaration of a dividend confirms a cash return to shareholders, while approval of increased commission to the Whole-time Director and the appointment of a new secretarial auditor reflect routine corporate housekeeping. With near-unanimous approval, no governance concerns or shareholder dissent emerged from the AGM.