USHAMART: Usha Martin Limited has submitted the Exchange a copy Scrutinizers report of Annual General Meeting held on August 07, 2025 along with Voting Results.
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Usha Martin held its 39th AGM on August 7, 2025, via video conferencing, and all 7 resolutions were approved with overwhelming majority. Key items include adoption of FY25 financial statements (99.9991% in favour), declaration of a dividend of Rs. 3 per equity share of Re. 1 face value (99.9993% in favour), and re-appointment of a rotational director (99.85% in favour). Shareholders also approved ratification of cost auditor remuneration, appointment of MKB & Associates as secretarial auditor for five years (FY26–FY30), payment of remuneration to independent directors, and the appointment of Mr. Chirantan Chatterjee as Whole-time Director via special resolution (99.85% in favour). Total voting participation was about 57% of outstanding equity, with promoter group voting 100% in favour across all resolutions.
Investors will receive a Rs. 3 per share dividend for FY25. The clean passage of all resolutions, including governance items like auditor appointments and director remuneration, signals stable shareholder support and no significant dissent, which is neutral to mildly positive for the stock.