Summary of proceedings of the 64th Annual General Meeting of the Company
ULTRAMAR · price
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Ultramarine & Pigments Ltd held its 64th AGM on 24th July 2025 via video conferencing from 3:00 PM to 4:10 PM. Out of 19,529 shareholders on record date, 70 attended through VC (10 promoter group, 60 public). The Chairman noted operational challenges during FY25 from geopolitical conflicts, uneven global demand, higher input costs, and FX exposure, though India remained relatively stable. Seven resolutions were proposed, including adoption of financial statements, dividend declaration, director reappointment, auditor appointments, and managerial remuneration revisions.
Shareholders will receive a dividend of Rs. 6.00 per share for FY25. Reappointment of Mrs. Indira Sundararajan and increase in commission to Whole-time Director were approved. Auditors flagged no qualifications, indicating clean governance. Management's candid acknowledgment of headwinds may temper near-term sentiment but signals prudent risk awareness.