40th AGM, scheduled to be held on Friday, 26th September, 2025 at 11.30 AM, through VC/OAVM
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Veritas (India) Limited has scheduled its 40th AGM on Friday, September 26, 2025 at 11:30 AM via Video Conferencing. Key items on the agenda include adoption of FY 2024-25 standalone and consolidated financial statements and declaration of a 5% dividend (₹0.05 per equity share of ₹1 face value), totaling ₹13.40 lakh on 2.68 crore equity shares, with September 19, 2025 as the record date. Shareholders will also vote on re-appointing Mr. Arun Agarwal as a director (retiring by rotation), appointing M/s. SKJP & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), and approving Material Related Party Transactions up to ₹1,070 crore in aggregate (₹1,000 crore with holding company Swan Corp, ₹50 crore with Veritas Polychem, and ₹20 crore with Veritas Agro Ventures). Additionally, Ms. Bhagyashri Dixit (DIN: 10952866) is being appointed as an Independent Director for a five-year term effective August 13, 2025. Remote e-voting will be open from September 23-25, 2025 via NSDL.
Routine AGM with a modest 5% dividend declaration (₹13.40 lakh total payout) and standard governance items including a new independent director and secretarial auditor appointment. The material related party transaction approvals — especially the ₹1,000 crore limit with holding company Swan Corp — are the most significant item for shareholders to review, as they govern intra-group dealings for FY 2025-26.