Vesuvius India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on May 08, 2025
VESUVIUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vesuvius India held its 34th AGM on May 8, 2025, in Kolkata with 355 members in attendance. The Chairman highlighted the company's record-high revenue and profit, and announced the commissioning of a new Mould Flux and AlSi plant plus inauguration of a Basic Monolithic plant in Visakhapatnam to boost production. The global parent group reported £1.82 billion in revenue and £188 million trading profit for 2024, with India cited as a key growth contributor. A dividend of Rs. 14.50 per equity share (face value Rs. 10), totalling Rs. 29.43 crores in outflow, was approved by shareholders. Shareholders also approved a 10:1 stock split, converting each Rs. 10 share into 10 shares of Re. 1 each, along with related changes to the MOA and AOA. All 9 resolutions at the AGM, including reappointments of directors and ratification of cost auditors, were passed with requisite majority.
Shareholders benefit from a healthy dividend and a 10:1 stock split that should improve share affordability and trading liquidity. Strong operational performance and capacity expansion in Visakhapatnam signal continued growth momentum, generally positive for long-term shareholder value.