Vimta Labs Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 06, 2025
VIMTALABS · price
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Vimta Labs held its 35th AGM on June 6, 2025 via Video Conference from 10:00 AM to 11:15 AM. The Board adopted the audited financial statements for FY ended March 31, 2025 and recommended a dividend of Rs. 2 per equity share. Shareholders transacted 13 items of business, including a proposal for issue of bonus shares, re-appointment of a director retiring by rotation, ratification of cost auditors' remuneration, appointment of a secretarial auditor, re-appointment of an independent director, increase in overall borrowing and asset disposal limits, addition of new objects to the Memorandum of Association, and revision of remuneration for the Managing Director and two Executive Directors. All directors, the CFO, statutory auditors and secretarial auditors attended virtually. Voting results are to be declared within two working days by the scrutinizer.
The most material items for shareholders are the proposed bonus share issue and the Rs. 2 per share dividend, both of which are subject to shareholder approval. The increase in borrowing limits signals potential for higher debt-funded expansion. Overall, the agenda is largely positive with capital return measures, though remuneration hikes for promoter-directors and expanded borrowing powers may draw attention from governance-focused investors.