Venus Pipes & Tubes Limited has informed the Exchange about Shareholders meeting
VENUSPIPES · price
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Venus Pipes & Tubes Limited held its 11th AGM on September 25, 2025 via video conferencing, with remote e-voting conducted from September 20-24, 2025. All 9 resolutions were approved with requisite majority, including adoption of the FY25 audited financial statements (100% in favor with 1.29 crore votes) and re-appointment of director Mr. Arun Axaykumar Kothari (99.71% in favor). Shareholders confirmed a final dividend of Rs. 0.50 per equity share (5%), in addition to the Rs. 0.50 interim dividend already paid, making the total FY25 dividend Rs. 1.00 per share (10%). The meeting also approved special resolutions to increase the company's borrowing limits under Section 180(1)(c), permit creation of charges on company assets, and alter the object clause of the Memorandum of Association—all passing with over 99.8% approval. Piyush Prajapati & Associates, the scrutinizer, certified the voting process as valid and compliant.
The unanimous approval of resolutions and 10% total dividend for FY25 reflect strong shareholder confidence. The green light to raise borrowing limits and create charges on assets, combined with the approved amendment to the object clause, signals potential debt-funded expansion, capex, or business diversification in the near term—worth monitoring for follow-up announcements on growth plans.