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Awaiting price reaction for this filing.
Valiant Communications held its 32nd AGM on September 30, 2025, via video conferencing, chaired by Mr. Inder Mohan Sood. All 8 resolutions were passed with overwhelming approval, with 99.99% of votes cast in favour across the board. Key items included adoption of standalone and consolidated financial statements for FY ending March 2025, declaration of a dividend of Rs. 1.50 per share (15%) on equity shares of Rs. 10 each, re-appointment of Mr. Inder Mohan Sood as Managing Director & CEO and Mr. Davinder Mohan Sood as Executive Whole-time Director & CFO, appointment of the Secretarial Auditor, and approval to capitalize reserves for issuing bonus shares. Out of 6,792 total shareholders, 78 attended via VC (8 promoter group and 70 public), with about 48.49% of outstanding shares participating in the voting. The statutory and secretarial audit reports had no qualifications or adverse remarks.
Positive for shareholders — a 15% dividend declaration combined with approval of bonus shares rewards investors, while the re-appointment of both the MD/CEO and Whole-time Director/CFO ensures leadership continuity. The near-unanimous vote (99.99% in favour) reflects strong shareholder confidence and is unlikely to trigger any negative stock price reaction.