V-Guard Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 07, 2025
VGUARD · price
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V-Guard Industries held its 29th AGM virtually on August 7, 2025, from 11:00 AM to 11:37 AM. 60 members holding about 20.08 crore equity shares (46.05% of paid-up capital) attended through video conferencing. The Chairperson noted that founder Mr. Kochouseph Chittilappilly stepped down as Chairman Emeritus effective March 31, 2025, and thanked him for building the V-Guard brand. The Board recommended a final dividend of ₹1.50 per equity share for FY25 and sought shareholder approval to re-appoint Managing Director Mr. Mithun K Chittilappilly for another five years from April 1, 2026. The Board also recommended re-appointing Independent Director Mr. George Muthoot Jacob for a second and final five-year term starting October 5, 2025. Eight shareholders spoke during the meeting, and the voting results will be announced separately after the scrutinizer's report.
The final dividend of ₹1.50 per share is a positive cash return for shareholders. Reappointment of the existing Managing Director signals leadership continuity, while voting outcomes on these resolutions will be the next key update for investors.