Vesuvius India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on May 08, 2025
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Vesuvius India submitted the voting results and scrutinizer's report for its 34th AGM held on May 8, 2025 in Kolkata. All 9 resolutions were passed with the requisite majority, with roughly 1.675 crore votes polled out of 2.03 crore outstanding shares (about 82.5% participation). Key items approved include: adoption of FY2024 audited financials, declaration of dividend for FY ended December 31, 2024, and re-appointment of two directors (Henry James Knowles and Nitin Jain) retiring by rotation. A significant corporate action — the sub-division/split of equity shares from face value of Rs. 10 to Re. 1 each (1:10 split) — was approved with near-unanimous support. The resolution to adopt new Articles of Association passed with 79.89% in favor, but saw notable dissent of about 20.1%, mostly from public institutional shareholders (33.68 lakh votes against).
Shareholders stand to benefit from the approved 1:10 stock split, which should lower per-share price and improve liquidity, and from the FY2024 dividend. The dissent on the new Articles of Association signals some institutional discomfort, but the overwhelming approval on all major items means no governance roadblocks for the company.