Intimation of Proceeding of 43rd Annual General Meeting of the Company held on July 30, 2025
VISAKAIND · price
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Visaka Industries held its 43rd AGM on July 30, 2025 via video conferencing, with 85 members in attendance, and the meeting lasted about 75 minutes. The Chairman confirmed that the Statutory Auditor and Secretarial Auditor reports for FY25 contained no qualifications, observations, or adverse remarks, indicating a clean audit. The company declared a final dividend of Rs. 0.50 per equity share (face value Rs. 2) for FY2024-25. Director Dr. G. Vivek Venkatswamy, who retired by rotation, was reappointed. Additionally, the remuneration of Cost Auditors M/s. Sagar & Associates was ratified, and M/s. GMR & Associates was appointed as Secretarial Auditors for a five-year term (FY2025-26 to FY2029-30). The Joint Managing Director acknowledged 'moderate performance' for FY2024-25 and outlined prospects for each division. Combined voting results from remote e-voting and AGM e-voting will be submitted to the stock exchanges within two working days.
Routine AGM proceedings with a small final dividend and clean audit reports are mildly positive, but the JMD's candid mention of 'moderate performance' for FY25 may temper near-term investor sentiment. Shareholders should watch the voting results and the Chairman's full address for clarity on capacity expansion plans and FY26 outlook.