Veto Switchgears And Cables Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
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Veto Switchgears held its 18th AGM on September 29, 2025, via video conferencing, which concluded in 35 minutes (3:00 PM to 3:35 PM). Out of 26,800 eligible shareholders, 30 attended through VC (5 from promoter group and 25 from public). Five resolutions were put to vote, including adoption of audited financial statements for FY 2024-25, declaration of a final dividend of Rs. 1 per equity share (10% on face value of Rs. 10), and re-appointment of Mrs. Jyoti Gurnani as Whole Time Director (retiring by rotation). The meeting also covered ratification of Cost Auditor's remuneration and appointment of a Secretarial Auditor. The Chairman discussed the company's standalone and consolidated performance, brand journey, and future outlook. The audit and secretarial audit reports had no qualifications or adverse remarks.
The final dividend of Rs. 1 per share is a positive return signal for shareholders. The clean audit reports and routine re-appointment of a director suggest stable governance with no red flags. Voting results are to be submitted to NSE and BSE by October 1, 2025, which will confirm shareholder approval of the resolutions.