Outcome of 18th Annual General Meeting of the Company
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Awaiting price reaction for this filing.
The 18th AGM was held on 26th September 2025 via video conferencing, chaired by Ms. Nanette Dsa, with all 5 resolutions passed with requisite majority. Key items approved include: (1) adoption of audited standalone and consolidated financial statements for FY ended 31 March 2025, (2) declaration of a dividend of Re. 0.30 per equity share for FY25, (3) re-appointment of Dr. Vidhi V. Kamat as director (retiring by rotation), (4) revision in remuneration of Managing Director Dr. Vikram V. Kamat (passed as a Special Resolution), and (5) re-appointment of M/s Pooja Sawarkar & Associates as Secretarial Auditor. All resolutions received over 99.99% support from votes cast, with 92,70,642 votes cast representing 59.84% of total outstanding shares. Promoters (holding 85,59,541 shares) abstained from voting on Items 3 and 4 where they were deemed interested; on other items promoter votes were 100% in favor. Out of 2,014 shareholders on the record date, 30 attended the meeting via VC.
Routine AGM outcome with all resolutions passing by overwhelming margin, so no negative governance surprises. Shareholders will receive a small dividend of Re. 0.30 per share, while the revision in MD remuneration (a Special Resolution) and the re-appointment of promoter-group director are notable but uncontested items. Minimal direct stock price impact expected.