Usha Martin Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 07, 2025
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Usha Martin Limited held its 39th Annual General Meeting on August 7, 2025, via video conferencing from 11:30 AM to 1:17 PM, chaired by Mr. Vijay Singh Bapna with six directors in attendance. Seven resolutions were tabled, including adoption of standalone and consolidated financial statements for FY25, declaration of a dividend of Rs. 3 per equity share (Re. 1 face value), and re-appointment of Mr. Sharng Bhrit Prasanna Bhanu Pratap Narayan Sharma as a director retiring by rotation. Shareholders also approved the ratification of cost auditor remuneration, appointment of M/s MKB & Associates as secretarial auditor for five years (FY26–FY30), payment of remuneration to independent directors, and a special resolution appointing Mr. Chirantan Chatterjee as a Whole-time Director. A K Labh & Co. was appointed as scrutinizer for the e-voting process, with results to be filed separately within the prescribed timeline.
The Rs. 3 per share dividend signals continued shareholder returns, while the board appointments and auditor ratifications are routine governance updates. No major strategic surprises emerged; investors should await the detailed voting results to confirm the level of shareholder support for each resolution.