Veljan Denison Limited- 51st Annual General Meeting- Outcome along with Voting results and Scrutinizer''s Report dated 29.08.2025- as enclosed
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Veljan Denison Limited held its 51st Annual General Meeting on August 29, 2025, at its registered office in Hyderabad, with all 10 resolutions passed with overwhelming majority. Shareholders approved the audited standalone and consolidated financial statements for FY25 and declared a final dividend of Rs. 8.50 per equity share on a paid-up capital of Rs. 4.50 crores. Key board changes included the re-designation of Sri Krishna Uppaluri from Executive Director & CEO to Managing Director & CEO, the appointment of Vidya Sagar Gannamani as Independent Director, and the re-appointment of Uma Devi Uppaluri (retiring by rotation). Three material related party transactions with Veljan Hydrair Limited, Suxus Systems Limited, and ECMAT Limited were also approved as special resolutions. Voting was conducted via remote e-voting and ballot at the AGM, with about 67.65% of shares polled on most resolutions and over 99% of votes cast in favor of each item.
Shareholders benefit from a confirmed dividend of Rs. 8.50 per share, and the smooth passing of all resolutions signals stable management continuity. The related party transactions, though approved, warrant investor attention given the promoter group's interest in those votes.