The United Nilgiri Tea Estates Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 12, 2025
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The United Nilgiri Tea Estates Company Limited has issued the notice for its 103rd Annual General Meeting scheduled for Saturday, July 12, 2025 at 11:00 AM IST, to be held via Video Conferencing (VC)/OAVM. Key agenda items include adopting the audited financial statements for FY 2024-25, confirming an interim dividend and declaring a final dividend of Re. 1 per equity share for FY 2024-25. The meeting also seeks shareholders' approval for the re-appointment of Mr. R. Rajkumar (Whole-time Director, retiring by rotation) and Mr. R. Vijayaraghavan (Independent Director, aged 75, for a second 3-year term up to the 106th AGM in 2028). Additionally, Shanmugam Rajendran & Associates LLP is proposed to be appointed as Secretarial Auditors for 5 years from FY 2025-26. The register of members will be closed from July 6 to July 12, 2025 for determining dividend entitlement, with e-voting open from July 9 to July 11, 2025 (cut-off date July 5, 2025).
Shareholders on record as of July 5, 2025 are eligible for the Re. 1 final dividend, with the stock likely to trade ex-dividend during the book closure period. Re-appointments of both directors are largely procedural but the continuation of the 75-year-old independent director requires a special resolution, which may attract attention from governance-focused investors.